Georgia is moving ahead in the process of establishing gas exchange and a competitive gas market, following a meeting between the Energy Community Secretariat, the EBRD, the Ministry of Economy and Sustainable Development and key stakeholders.
The existence of a regulatory framework is critical to have an LNG market fully functioning. Yaroslav Petrov, partner, and Marta Halabala, senior associate, at Asters shed some light on Ukraine's legislative framework and the issues faced by investors.
Hungary and Croatia started receiving Russian natural gas via a new route: the gas is supplied by the TurkStream gas pipeline and further across the national gas transmission systems of Bulgaria, Serbia and Hungary.
According to the IEA, the steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors.
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