Natural gas

Cyprus president thinks gas may help bridge the island's division

President Nicos Anastasiades said discovery of natural gas around Cyprus could galvanize international efforts to resolve a longstanding division of the island and smooth development of an alternative energy supply source to Russia.

But he said it was too early to speak of tangible progress in recently relaunched peace talks on the ethnically split island.

Gas Prices to Go Down 3 to 15% in Bulgaria, Says Energy Watchdog

Natural gas prices in Bulgaria will decrease by 3 to 15%, the country's energy watchod DKEVR announced Friday.

Boyan Boev, head of the State Commisison for Energy and Water Regulation (what DKEVR stands for), said he hoped the move would push more Bulgarians to use gas, the website reports.

Bulgaria to Take Part in Project for Floating LNG Terminal near Kavala

Bulgaria will participate in the construction of a floating liquefied natural gas terminal near the Greek city of Kavala in a bid to secure constant access to natural gas.

Talks on the project are to be wrapped up by end-2014, according to the authorities in Athens, as cited by the Bulgarian National Radio (BNR).