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Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension Read More »

Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension

The management of natural gas supplier Bulgargaz decided to seek 400 million euros from Gazprom for the 2022 suspension of fuel supplies. The decision was published by Energy Minister Vladimir Malinov at a news briefing. Gazprom cut off gas supplies to Bulgaria as of April 27, 2022, after Bulgaria refused to pay in rubles as demanded by […]

Europe: TTF gas futures reached the weekly maximum of 32.1 euros/MWh Read More »

Europe: TTF gas futures reached the weekly maximum of 32.1 euros/MWh

According to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, May 6, reached their weekly maximum settlement price, €32.14/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 15% higher than the previous Monday and the highest since April 19. Subsequently, settlement prices declined, but they

Romania: BSOG advances 3GW offshore wind project in Black Sea Read More »

Romania: BSOG advances 3GW offshore wind project in Black Sea

BSOG, which launched natural gas extraction in the Midia perimeter in Romania’s shallow Black Sea waters (MGD Project), decided to go ahead with its offshore wind project in the same place after completing the feasibility study. BSOG and its partners plan to develop 3GW, according to recent announcement. The consultant, OWC, announced that it completed