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LNG
Bulgaria in the Final Phase of Construction of the Vertical Gas Corridor
The construction of the section of the Vertical Gas Corridor located on the territory of Bulgaria has entered its final phase of implementation. As announced on the official website of the Bulgarian Ministry of Energy, two projects within this initiative…
EPCG Takes Over Study on the Construction of Gas-Fired Power Plants in Montenegro
The Electric Power Company of Montenegro (EPCG) has officially taken over a feasibility study on the construction of gas-fired power plants in Montenegro, which has shown that electricity generation from liquefied petroleum gas is technically feasible and economically viable. As…
Natural Gas Markets Expected to Remain Tight Into 2023 as Russia Further Reduces Supplies to Europe
Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well…
Kick-off Ceremony Held for Realization of Alexandroupolis FSRU in Greece
The kick-off ceremony for the realization of Gastrade SA’s LNG FSRU facility in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, in the old Storage House of the Alexandroupolis Port Customs. Once delivered, the FSRU, with a capacity of…
Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries. The invasion of Ukraine put a spotlight on Europe’s dependency on Russian fossil fuel, particularly gas,…
IEA: Global natural gas demand set to decline slightly in 2022
The world’s demand for natural gas is set to decline slightly in 2022. as a result of higher prices and market disruptions caused by war in Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in…
IEA Encourages Turkey to Deepen Energy Market Reforms
Since the last IEA in-depth review in 2009, Turkey has made significant progress in reforming its energy sector. Completing the reforms will allow Turkey to tap into its renewable and energy efficiency potentials, latest IEA report says. With rising energy…