Bulgaria, Greece start construction of gas pipeline from Azerbaijan

23/05/2019 08:52 Natural Gas

news

Sofia and Athens are launching the construction of a pipeline to transport gas from Azerbaijan to Bulgaria, AP said.

At a ceremony near the border on Wednesday, the two prime ministers, Boyko Borissov and Alexis Tsipras, oversaw the formal start to construction of the 182km link between the two countries’ gas transmission systems.

 

The pipeline is scheduled to become operational at the end of 2020, when Bulgaria is due to receive deliveries of Azeri gas from the Shah Deniz 2 development.

 

The link is estimated to cost €220 million ($245 million) and its projected capacity will be between 3 and 5 billion cubic meters per year.

Source: rt.com

Daily (01.04.2020): WTI crude rebounded by about 2% on Tuesday, but outlook remains gloomy

01/04/2020 10:58:00

Oil futures evolved differently on Tuesday, with Brent crude edging lower at $22.74 a barrel, but showed some signs of improvement in early trading after U.S. President Donald Trump and its Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets. Meanwhile, U.S. WTI crude rose by 1.9% to settle at 20.48 a barrel.

<READ MORE

Turkey's Energy Exchange hits record in spot gas trade

01/04/2020 10:53:00

Turkey's Energy Exchange Istanbul (EXIST) trade volume in spot natural gas market hit Monday a record high for 2020, EXIST data showed on Tuesday.

READ MORE

Covid-19 crash to speed green shift for oil firms – analysts

01/04/2020 10:50:00

The coronavirus outbreak and accompanying oil price crash – which have seen levels slump to near two-decade lows this week – will hasten a green transition among oil and gas majors, analysts told Montel.

READ MORE