The price of natural gas in Europe reached its highest level since January 2023, hitting 74.14 euros per megawatt-hour due to the escalation of hostilities between the US and Iran. (translated)
Vladimir Putin and Xi Jinping met in Bishkek, confirming the close cooperation between Russia and China in areas such as natural gas, technology, and international relations, while the war in Ukraine took a secondary place on their agenda. (translated)
The Minister of Energy, Michalis Damianos, announced that the arrival of natural gas in Vasilikos and the storage of solar energy are expected to reduce electricity prices by 20-25%, while the government is working on the completion of the Great Sea Interconnector (GSI) and the better utilization of solar energy. (translated)
The former Minister of Energy, Giorgos Papamanstasiou, emphasized the importance of implementing energy infrastructure and strategic planning to reduce electricity costs in Cyprus, noting that the introduction of natural gas and the enhancement of Renewable Energy Sources are key to cheaper power. (translated)
Russian President Vladimir Putin will meet with his Chinese counterpart Xi Jinping in Bishkek to discuss the Power of Siberia 2 gas pipeline and other bilateral relations. (translated)
Egypt is re-entering the LNG market through the "Cronus" field in the Cypriot exclusive economic zone, which aims to produce natural gas for export to Europe and may pave the way for further energy discoveries in the region. (translated)
It seems that we are heading towards a new round of looting by the "gas barons" and the energy cartel. The price of natural gas is climbing internationally, and energy pricing continues to be done—for speculative reasons—based on natural gas. Economy, society in (translated)
European natural gas reserves are at a five-year low, with only 63.28% of storage capacities full, indicating a difficult winter period due to high wholesale prices and reduced liquefied natural gas production. (translated)
Turkey is faced with a dilemma between maintaining energy relations with Iran and complying with American threats of sanctions, as the United States warns of economic isolation for Tehran, while Turkey continues to import 13% of its natural gas from that country. (translated)
According to Goldman Sachs, European natural gas prices are likely to exceed 100 euros per megawatt hour in December, due to limited supplies and supply chain issues stemming from the war between the US and Iran. (translated)
Three people were killed and another was injured by the collapse of part of a four-story apartment building in the city of Shijiazhuang, China, due to a possible explosion from a gas leak. (translated)
Turkey is ready to cooperate with Syria in the extraction of oil and natural gas, according to the Turkish Minister of Energy, who announced that the state company TPAO and private companies will begin seismic surveys and drilling in the area. (translated)
At high two-year levels, natural gas (Dutch TTF Gas Futures-euros/MWh) prepares for a difficult energy and economic winter. A burdensome factor is the low European reserves. Mitsotakis played the lobbyists' game of the "gas producers" at the expense of energy autonomy and (translated)
Ukrainian forces announced that they attacked and destroyed two units of the Russian natural gas complex Novatek at the port of Ust-Luga in the Baltic, causing damage and fire. (translated)
Natural gas stocks in Europe have reached 59%, the lowest level since 2009, ahead of winter, with concerns rising due to the conflict in the Middle East and limited exports from Qatar. (translated)
Europe is facing a new energy crisis due to concerns about the availability of natural gas ahead of winter, as reserves are at 58% and are affected by the war in the Middle East, despite the European Commission stating that there is no immediate concern regarding supply security. (translated)
Cyprus is planning to enter a new energy era with the first production of natural gas from the "Cronus" field in 2028, amid strategic plans for the development of other fields and electrical interconnection with Europe. (translated)
In Bulgaria, a drone carrying a significant amount of explosives crashed near a natural gas pipeline, and authorities suspect it is a device used by the Ukrainian armed forces, with Ukraine stating that it did not intentionally target the country. (translated)
Ukraine rejected that it targeted Bulgaria after the explosion of a drone near the strategically important Trans-Balkan gas pipeline, emphasizing that the responsibility lies with the Russian attack, while the Bulgarian government expresses concern about the explosive power of the drone and plans a meeting with the Ukrainian ambassador for further clarifications. (translated)
A drone exploded near a natural gas pipeline in Bulgaria, close to the border with Romania, without causing casualties or damage, while the situation is being closely monitored by the authorities and the incident will be discussed at a NATO meeting. (translated)
