Azerbaijan reports steady supplies to Southern EU on Trans-Adriatic Pipeline in competition to LNG cargoes
Azerbaijan, the Central Asian nation and former Soviet republic, has issued its quarterly natural gas pipeline export data that affects LNG requirements in Southern Europe.
Turkish LNG importer and gas grid operator BOTAS raises prices by 20 percent for industry and power stations
Turkey, an LNG importer and with plans to increase domestic production from Black Sea fields and the main route to Europe for natural gas from Azerbaijan, has raised the prices of natural gas and power by 20 percent for industrial users amid energy secuirty concerns in the South Caucasus region bordering Eastern Europe.
Romgaz profits
May 13 (LNG) - Romgaz Group, the Romanian natural gas company and utility, almost tripled first-quarter revenues to 3.92 billion Romanian New Leu ($827 million) while quarterly net income doubled to 979.6M New Leu ($206.4M) versus the prior-year quarter. Romania is in the European Union but is outside the euro zone.
Romgaz said Romania’s natural gas consumption for the quarter amounted to 44 terawatt hours, a drop of 11 percent on the year-ago quarter. Romania’s domestic natural gas production in the three months came to 1.30 billion cubic metres, 0.33 percent lower than in same quarter of 2021. Romgaz has just signed a credit facility agreement for €325 million ($338M) for the acquisition of all shares issued by ExxonMobil Exploration and Production Romania Ltd which holds 50 percent of the Black Sea XIX Neptun Deep Block concession.
EU member Croatia duly becomes latest LNG importer while Serbia starts up new Russian pipeline
The Balkan state and European Union member Croatia duly became the latest LNG importing nation at the start of January with a shipment from the US, while Balkan neighbour and aspirant EU country Serbia started up its new Russian natural gas pipeline route from Gazprom on January 1.
