Natural gas

By Nikos Roussanoglou

Greek shipowners have invested a total of 1.44 billion euros in acquiring 11 liquefied natural gas (LNG) carriers so far this year, according to a report in Tuesday’s Wall Street Journal.

The price of natural gas in Greece, used by industries and consumers for heating their homes, is expected to drop by as much as 20 percent in 2015, Deputy Energy Minister Makis Papageorgiou told a conference on Tuesday.

Bulgaria, Greece, and Romania have signed a contract on cooperation in the development of regional gas infrastructure.

The contract was signed Tuesday by the energy ministers of the three countries.

"South Stream scrapping detrimental to everyone"

BELGRADE -- Foreign Minister Ivica Dacic said on Sunday the canceling of the South Stream natural gas pipeline would be "very detrimental" for the country.

Serbia would be left without an alternative gas supply route, he told his monthly news conference in Belgrade, the Beta agency is reporting.

Prime Minister Victor Ponta reaffirmed on Friday that the natural gas prices will not rise for the population in this winter and he described as 'manipulation' the announcements to the contrary.

Croatian deputy prime minister Branko Grcic said on Wednesday that the cancellation of the South Stream project was "an impulse to build the LNG terminal even faster".

Grcic said that the cancellation of South Stream, which was due to take Russian gas through Bulgaria and Serbia to Europe, would make the terminal on Krk more valuable.

The newly planned gas pipeline between Russia and Turkey will not make any negative effect on the TANAP as the 16 billion cubic meters of TANAP gas a year will already be sold, says a BP representative An executive from British Petroleum (BP) has downplayed potential impacts on the Trans-Anatolian gas pipeline (TANAP), a proposed natural gas pipeline from Azerbaijan running through Turkey, upo

An unorthodox step by Russia, Turkey's largest natural gas provider, to cancel a giant gas project has come on the heels of an official deal in its southern neighbor, Iraq, easing an internal conflict over oil exports, reshuffling the cards in the region's energy distribution paradigm.

As expected, the Turkey-Russia High-Level Cooperation Council witnessed important developments particularly in the field of energy.

Turkey hopes to receive a discount on gas prices, Turkish Energy Minister Taner Yıldız said Nov. 26.

“We have presented our proposals to Gazprom about a potential discount for gas, and we hope that Gazprom will take our proposals into account,” he said after attending the Turkey and Russia Joint Economic Commission with his counterpart Alexander Novak.