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Fight for Turkish Market: Russia Loses to Azerbaijani Gas and LNG

In 2018, Turkey increased the purchase of LNG by 13.2% – to 8.3 million tons. As a result, Ankara has become the second largest importer…

The EC approved the allocation of €39 mln. for the construction of Interconnector Greece-Bulgaria

The price offers in the open procedure for the “Selection of a consultant for construction supervision for construction of gas interconnector Greece-Bulgaria” are to be…

ICGB opened publicly the submitted offers in the tender for construction of the interconnector with Greece

The largest public procurement in the IGB project is close to the end; the estimated value of the tender is set as a total price…

Gas Prices in Europe Collapsed by 50%

The global natural gas market is moving towards repeating the fate of the oil market in 2014-15. Against the background of an oversupply of LNG,…

Greece-Bulgaria gas pipeline project completes next tender

ICGB successfully completed the procedure for selection of Owner’s Engineer for the gas interconnector Greece- Bulgaria The selection of Owner’s Engineer is one of three…

Norwegian Fund Sells Assets of Oil and Gas Sector

After a lengthy discussion on March 8, the Government of Norway adopted recommendations for the State Sovereign Fund (Government Pension Fund Global, GPFG), in which…

Uzbekistan Owes LUKoil $ 600 Million for Gas

Uzbekistan owes LUKoil about $600 million in gas supplies in 2018, while under a debt restructuring agreement, the Russian company pledged to supply gas to…

Epsilon Plans to Invest $2 Bn in Gas Exploration in Uzbekistan

The US investment company Epsilon Development Company plans to invest more than $ 2 billion in the development of five large investment blocks with gas…

ExxonMobil Discovered Gas Field on Cyprus Shelf

American ExxonMobil has discovered new natural gas reserves on the Cyprus shelf, the company said yesterday. Gas deposits have been discovered near the Glaucus-1 well,…

U.S. Oil Imports at 23-Year-Low, Output Hits Another Record

Weekly crude imports fell 1.61 million barrels a day to 5.92 million, the lowest level since 1996. The U.S. imported the least amount of crude…

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