Tag Archives: gazprom

After modeling the pricing formula in the present contract with Gazprom Export, it is clear that Russian gas is second in terms of affordability after Azerbaijani gas, Bulgarian Energy Minister Rosen Hristov told a working meeting where the progress of the Interconnector Greece-Bulgaria (IGB) was being looked into, Azernews reports. …

Since the start of the year, wholesale gas prices in Europe have risen by 250 percent. The record-high prices in Europe are driven by increased demand (due to the wider economic recovery and weather-related factors), competition with Asia for LNG, and a limited supply response from Gazprom, Europe’s largest supplier, …