Natural gas

The intention of Bulgargaz to seek a 2% increase in the price of natural gas is "groundless", a member of Bulgaria's energy regulator said on Wednesday.

"If you want me to say it explicitly - no, they have no grounds for an increase of that scale," Dimitar Dimitrov said.

The Romanians' net nominal average salary earning went up to 1,698 lei in Sept., a 0.9 percent rise or 15 lei from the prior month, with the highest values being recorded in crude oil and natural gas drilling and the lowest in hotels and restaurants, show figures made public by the National Institute for Statistics on Thursday. (1 euro=4.4 lei)

The creation of a commercial natural gas hub in Greece will be absolutely possible in five years’ time, according to a study presented on Tuesday in Athens by the Institute for Energy in Southeast Europe (IENE).

Turkey will start the sale of Istanbul’s İGDAŞ gas grid this month, with Russia’s Gazprom, Japan’s Marubeni Corp and Turkey’s Enerya and Aygaz among the interested bidders, sources close to the process have said.

The natural gas deliveries from Russia to Bulgaria have decreased, said caretaker Economy and Energy Minister Vasil Shtonov, quoted by the BNT public broadcaster.

Prime Minister Antonis Samaras on Monday ordered that a natural gas connection to an Attica care home for people suffering from incurable diseases be restored immediately after the supply was disconnected due to the institution’s inability to foot its bills.

BELGRADE - The Blue Corridor 2014 natural gas vehicle rally arrived in Belgrade on Monday for the first time ever.

The goal of the rally, which hit the road in Saint Petersburg in mid-October, is to draw attention to the large traffic flow between Western and Eastern Europe, which can become environmentally acceptable with compressed natural gas (CNG) and liquefied natural gas (LNG).

By Chryssa Liaggou

Turkey could become a natural gas hub with its LNG terminals at the border of Greece and Bulgaria, according to an official from BOTAŞ, Turkey’s state-run gas pipeline company.

Greece is in talks over extra imports of liquefied natural gas from Algeria to avert possible shortages in case of a cut in Russian gas supplies, a senior Greek official has said.

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