Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Overgas to Persist in Expanding Bulgaria's Gas Network
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The Overgas company has announced plans to continue in 2011 its investment in Bulgaria's infrastructure for delivery of natural gas to homes.
For the year Overgas plans to construct 75 km of new gas pipes, almost half of them in capital Sofia (36 km).
New gas pipes leading to homes are also projected for Stara Zagora, Veliko Tarnovo, Kyustendil, Ruse and elsewhere.
In 2010 Overgas has constructed 50 km of pipes, 19 of which in Sofia, followed by Kyustendil with 7 km.
Overgas is the major supplier of natural gas to Bulgarian homes, covering close to 100% of the market. It also sells some gas to industrial consumers. Overgas is owned by Russian gas giant Gazprom.
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Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
