Natural gas

Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe

Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership for the Development of Natural Gas Networks in Eastern Europe (EE-NGP), according to a press statement released on Friday to the Bucharest Stock Exchange (BVB). The memorandum was signed by all the entities that are members of the project.

Daily production of Romgaz to grow by approx. 30pct

The daily production of Romgaz will increase by about 30 per cent, as the company started to drill deep in the Caragele structure, through the 77 Rosetti well, and also as a result of accelerated drilling in the medium deep area of the structure, through the introduction of two new wells, informs the company in a press release sent to AGERPRES on Thursday.

China to buy US energy goods over two years

China committed to buy around $52 billion worth of energy goods from the U.S. in 2020 and 2021 amid the phase-one trade deal signed by the countries.

After 21 months of imposing reciprocal tariffs, the world's two biggest economies finally reached a trade agreement and signed a phase-one deal on Jan. 15 in Washington, D.C.

Bids for Alexandroupoli LNG terminal market test

Gastrade SA on Friday announced the launch of the second stage of the market test for the Alexandroupoli liquefied natural gas terminal it is developing. This is the binding bids phase for capacity reservations in the project.
Companies that have already expressed an interest in the first stage of the market test are eligible to submit binding offers to Gastrade.

Bulgaria Buys Share of Greek Gas Terminal

The Bulgarian government on Thursday approved the participation of the country's main energy company, Bulgartransrgaz, in the LNG gas terminal in Greece, in a move designed to reduce its dependence on gas from Russia.

Bulgaria's share of the terminal located in northern Greece, offshore from Alexandropolis, will be 20 per cent.

Study points to significant gas field off Crete

A large reserve of natural gas off the southern coast of the island of Crete bearing similar features to Egypt's Zohr gas field and Israel's Leviathan in the Eastern Mediterranean has been identified by Hellenic Hydrocarbon Resources Management (EDEY) after an analysis of seismic data from a sea area that also included the Ionian Sea.

Total inflow to Turkish gas system down 6.33 pct in 2019

Natural gas inflow to Turkey's gas network saw a year-on-year decrease of around 6.33 percent to 46.83 billion cubic meters (bcm) in 2019, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ) on Jan. 4.

In 2018, around 50 bcm of natural gas entered the Turkish natural gas system, the majority of which, at around 49.33 bcm, was consumed.