Romanian Minister of Energy Bogdan Ivan has announced the completion of the 308-kilometer Tuzla–Podisor gas pipeline. This new pipeline will transport natural gas from the offshore Neptun Deep field directly into Romania’s gas network and continue through the BRHA corridor to Hungary, Austria, and other neighboring countries. With an annual capacity exceeding 8 billion cubic […]
A local consortium led by Monter-Strojarske Montaže has established itself as the leading contractor in Plinacro’s €530 million gas pipeline project, which will connect the LNG terminal on the island of Krk with Croatia’s mainland gas network and extend toward Hungary and Slovenia. The pipeline is divided into four segments, and Monter and its partners
Croatia: Monter-led consortium secures majority of Krk LNG pipeline contracts Read More »
During the second week of July, Brent oil futures for the Front Month on the ICE market generally followed an upward trend. The exception was Thursday, July 10, when the settlement price dropped by 2.2% from the previous day, reaching the week’s lowest settlement price of $68.64 per barrel. However, on Friday, July 11, prices
Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price to be applied in August 2025. The suggested price is around 31.7 euros per MWh, which is 3.8 percent lower than the price approved for July, set at approximately 33 euros per MWh. The July price itself marked a slight increase of
Bulgaria: Bulgargaz proposes lower wholesale gas price for August 2025 Read More »
United Bulgarian Bank has been selected to provide a five-year credit facility for Bulgartransgaz, Bulgaria’s gas transmission system operator, to modernize its network as part of the Vertical Gas Corridor project. The loan will support efforts to enhance energy connectivity between Greece and Central Europe. Despite Bulgartransgaz requesting €102 million, bids from major lenders—including Bank
North Macedonia has started building its portion of the natural gas interconnector with Greece, a project valued at around 60 million euros. The new pipeline will cover approximately 66.7 kilometers across North Macedonian territory and is expected to initially transport 1.5 billion cubic meters of gas annually. Its design allows for future capacity doubling, strengthening
Region: North Macedonia begins construction on Greece gas interconnector Read More »
Officials from the Counter-Corruption Commission (CCC) have inspected the Ministry of Energy and collected all documents related to the gas agreement with Turkish supplier BOTAS. According to Energy Minister Zhecho Stankov, the Ministry’s report revealed daily costs surpassing 500,000 euros, rising since January due to contractual indexing. Stankov stated that Bulgaria is only using 11%
Bulgaria probes costly BOTAS gas deal amid mounting financial losses Read More »
In the first half of 2025, domestic natural gas consumption in Greece rose by more than 12%, reaching 34.59 terawatt-hours (TWh), up from 30.78 TWh during the same period in 2024. When exports are included, total gas demand jumped nearly 20% to 37.45 TWh, compared to 31.22 TWh a year earlier. Gas exports through the
Greece: Gas demand and exports surge in first half of 2025 amid rising LNG imports Read More »
A second shipment of pipeline segments for Bulgaria’s section of the Vertical Gas Corridor has arrived at the port of Burgas, marking significant progress in the strategic energy project aimed at enhancing regional energy security and establishing Bulgaria as a key gas hub in Southeastern Europe. The delivery included 2,526 pipes from India, which will
Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project Read More »
In the first six months of 2025, the European Union imported a record 75 billion cubic meters of liquefied natural gas, marking a 40 percent increase compared to the same period last year, or an additional 22 billion cubic meters. Greg Molnar from the International Energy Agency attributes this surge to a combination of factors.
Europe: EU LNG imports reach record high amid supply shifts and rising demand Read More »
