Bulgaria and Romania start joint tender to finish gas connection

23/03/2015 00:38 Natural Gas


Bulgaria started a joint tender with Romania to accomplish the much-postponed gas interconnector between the Balkan neighbours, as declared by the state owned gas network operator Bulgartransgaz.

The Black Sea state, which obtains over 90 percent of its gas from Gazprom via one route, has boosted efforts to link its gas network to neighbours after Moscow suspended its South Stream pipeline project. The length of the reverse flow interconnection is 25 km, of which 15.4 km is in Bulgarian area and 7.5 km in Romania. Bulgartransgaz declared that Romania's state-owned gas pipeline operator Transgaz gave permissions to the Bulgarian firm to launch a joint public procurement for the building of the 2.1 km gas Danube pipeline undercrossing. Works on the 24 million euros ($25.69 million) pipeline started in 2012. According to the preliminary plan, the interconnector should have been complete in 2013, but the deadline was pushed back because of technical difficulties. The maximum transport capacity of the pipeline will be of 1.5 billion cubic metres of gas annually from Bulgaria, which aims to become a gas distribution hub for Europe, to Romania. The yearly capacity from Romania to Bulgaria will be 500 million cubic metres.

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.