Natural gas

The World Bank and the European Investment Bank are set to invest $1 billion and 1 billion euros, respectively, in the Trans-Anatolian Natural Gas Pipeline Project (TANAP) project, according to sources close to the matter. 

The TANAP project envisages gas transportation from Azerbaijan's Shah Deniz II field through Turkey and up to the country's border with Europe.

The Noble Globetrotter II will start drilling for oil and gas in the Black Sea block of Khan Asparuh off Bulgaria's coast early next month, Total's General Manager for Bulgaria, Xavier Faugeras, has announced.

Energy has been the defining factor in human development and determining factor in the hegemonic structure of world politics. The fundamental role of coal and steam, as key ingredients of the Industrial Revolution, and global control of their trade in the 18th and 19th century by the British Empire led the way for its hegemony in international politics.

The Austrian company Habau is to complete the long-anticipated first gas interconnector between Romania and Bulgaria by August 2016 after it signed a contract with the gas operators of the two countries - Transgaz and Bulgartransgaz in Sofia on Wednesday.

Bulgaria's energy regulator has endorsed a proposal of state-owned wholesale gas supplier Bulgargaz to cut natural gas price by 23.02% for the second quarter of 2016.

The latest cut takes to 48% the drop in gas price since the start of last year, the Energy and Water Regulatory Commission (KEVR) said in a statement on Thursday. 

Turkey imported 83 million cubic meters of liquefied natural gas from the United States in January after the latter became an LNG exporter with its shale gas resources, state-run Anadolu Agency reported based on information from the Turkish Energy Market Regulatory Authority (EPDK).

Natural gas exploration drills in Bulgaria's Khan Asparuh block in the Black Sea are expected to begin in April.

This was stated by the chairperson of the parliamentary energy committee Delyan Dobrev on Tuesday, Darik radio quotes him as saying.

The European Commission has requested Gazprom to provide information related to allegations of abuse of the Russian company's dominant position in the Bulgarian wholesale gas market, Reuters reported on Tuesday.

Bulgargaz has proposed to cut natural gas price for consumers by 23.02% for the second quarter of 2016.

The state-owned gas supplier has proposed to energy regulator KEVR to endorse a price of BGN 312.21 per 1,000 cubic metres, free of VAT and excise, for April-June period.

The first international shipment of liquefied natural gas in decades from the lower 48 states is poised to leave for Brazil from Louisiana.