Petroleum production

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year, CEO Mathios Rigas told Reuters on Thursday.

Foreign Minister Mevlüt Çavuşoğlu described their meeting with his Egyptian Sameh Shoukry as "open and sincere" and said the process has begun to raise the bilateral relations to the level of ambassadors.

Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter.

Mild weather, government aid, gas storage facilities at full capacity and energy imports from other regions have helped Europe limit the economic damage caused by the war.

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe's consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday.

"We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe," Donmez said.

Natural gas consumption decreased in December in Greece, falling to 5.05 terawatt-hours, or the second lowest level for the corresponding month in the last six years, after December 2019.

At the same time, consumption for the entire year reached 56.5 TWh, reduced by 19.2% compared to 2021.

President of Serbia, Aleksandar Vui, and the President of the European Commission, Ursula von der Leyen, visited the works on the construction of the Serbia-Bulgaria gas interconnector.

The French Energy Minister accused US producers of selling liquefied natural gas at four times the price of European companies

Greece is gradually putting in place a liquefied natural gas distribution network capable of meeting the needs of households, small businesses, and industries, as well as heavy vehicles and trucks with LNG.

The opening of the LNG - Truck Loading Station at the liquefied gas storage facilities in Revythoussa is just the beginning.

"We can say that the gas crisis is behind us". This was commented on Nova TV by the acting minister of economy and industry Nikola Stoyanov. He added that in the next 12-14 months Bulgaria is secured. The prices are clear, and the business can run smoothly.

Türkiye should not face any natural gas problems this winter if suppliers stick to their delivery schedules, Energy and Natural Resources Minister Fahrettin Dönmez has said.