natural gas

    • US lifts bans over Nord Stream 2 gas line

      US lifts bans over Nord Stream 2 gas line

      US made a rapid shift of its approach to the Nord Stream 2 project that is intended to boost transition of Russian natural gas to Germany, Reuters reported. The administration of President Joe Biden announced it would waive the imposed sanctions on the company behind the construction of the pipeline and its chief executive. Secretary of State Antony Blinken confirmed the information. The decision comes as the Biden administration seeks to rebuild ties with Germany, after relations deteriorated under Republican former President Donald Trump.

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    • Russia cuts price of gas supplied to Bulgaria by 40.3%

      Russia cuts price of gas supplied to Bulgaria by 40.3%

      Bulgargaz and Gazprom Export have finalized their agreement on a 40.3 per cent reduction of the price at which Russia supplies natural gas to Bulgaria, backdated to August 5, 2019, the Bulgarian company's CEO Nikolai Pavlov told a news briefing at the Council of Ministers on Tuesday.

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