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
German Wintershall Enters South Stream Pipeline
- Tweet
Send to Kindle
Map by infocenter.bnt.bg
German company Wintershall has signed with Gazprom a preliminary agreement to acquire 15% of the South Stream pipeline.
This development gives a significant boost to the project, ahead of Russian PM Vladimir Putin's visit to Serbia and Slovenia to negotiate on it.
Over the previous months, there have been repeated reports that the German company, the largest producer of oil and gas in Germany, and owned by BASF, will be joining.
Russian PM Vladimir Putin expressed strong satisfaction about the deal, saying it is a "sign of stability" for the project.
Winteshall is expected to invest some EUR 2 M in South Stream.
Apart from Gazprom, the South Stream natural gas pipeline also features Italian company ENI. French EDF are expected to join later in 2011.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgargaz Proposes 18% Reduction in Natural Gas Prices
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
Europe's Energy Evolution: Declining Gas Demand and Renewable Growth
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
February Brings a Drop in Bulgarian Natural Gas Prices
The Energy and Water Regulatory Commission (EWRC) has approved a substantial 8.4% reduction in the price of natural gas for February
"Bulgargaz" Proposes 11% Decrease in January Natural Gas Prices
"Bulgargaz" anticipates a notable reduction in natural gas prices by approximately 11% starting in January
Bulgargaz Announces Proposed 6.5% Increase in December's Natural Gas Price
Bulgargaz, the public gas supplier of Bulgaria, revealed its proposed final natural gas price for December at 87.50 BGN/MWh (excluding excise duty and VAT), marking a 6.5% increase compared to November.
Bulgargaz Anticipates Liquefied Gas Deliveries via Alexandroupolis Terminal In May
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
Greek Electricity Giant Acquires Bulgarian Solar Parks
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil Prices Surge Amid Middle East Tensions
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgargaz Loses 27% Market Share Due to Contract with 'Botas
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
Bulgaria Sees Surge in Solar Power and Coal Plant Decline in 2023 Electricity Report
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
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
