Austria: Habau will accomplish Bulgaria-Romania gas pipeline

07/04/2016 10:00 Natural Gas


The state gas network operators of Bulgaria and Romania have inked an agreement with Austrian construction company Habau to accomplish a postponed interconnector connecting the two Balkan nations which is intended at reducing Bulgaria's reliance on Russian gas imports.

Sofia, which obtains over 90 percent of its gas from Russia's Gazprom, has searched alternative supply after Moscow annulled its South Stream pipeline project in 2014. South Stream would have transported Russian gas via the Black Sea to Bulgaria. Bulgaria scheduled to have the 25-km pipeline to Romania operational in 2013, but it has been deferred because of technical issues experienced by the previous constructer in placing pipes under the Danube River. Bulgarian Energy Minister Temenuzhka Petkova declared Habau will now have four months to construct two km of the subsea pipeline and should have the pipeline operational later this year. The pipeline will have a maximum capacity of 1.5 billion cubic metres of gas per year from Bulgaria, which hopes to turn into a gas distribution hub for Europe to Romania. From Romania to Bulgaria the capacity will be of 500 million cubic metres annually. Bulgaria also has started construction of a gas pipeline to Greece which will convey Azeri gas to Romania and Hungary. Petkova announced that indicative offers to book capacity on that pipeline have surpassed its primary capacity.

Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.


Ukraine to export natural gas to Moldova without Gazprom's involvement

09/10/2019 09:28:00

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.