Petroleum production

Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas

"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.

Bulgaria: What is the Price of Natural Gas for June

The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.

Dynagas: Energy solutions for Germany from Giorgos Prokopiou’s Dynagas

Two Floating Storage and Regasification Units (FSRU) for Liquefied Natural Gas (LNG) were chartered from George Prokopiou's Dynagas Ltd to the German Uniper, whose total capacity is equivalent to 30% of Russian gas imports to Germany.

With this move, Uniper comes to diversify and strengthen the security of gas supply in Germany, according to a statement from the German company.

The plan of Israel, Cyprus and Greece for LNG exports to Europe

Israel pledged its support to its European allies in their quest for energy security and independence through Energy Minister Karin Elharar during yesterday's ministerial meeting with Costas Skrekas and Cypriot Minister Natasa Peleidou.

This was noted by Ms. Elharar in her statements promising gas exports from the fields of the Israeli EEZ to European markets.

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