Poland and USA will strengthen cooperation on energy projects

The Presidents of Poland and USA, Washington, DC, USA (Jakub Szymczuk, KPRP, Public domain)

Hungary wants to be a part of the Turkish Stream

Bulgarians will pay more for gas, heating and hot water

Poland and USA

The Presidents of Poland and USA, Andrzej Duda and Donald Trump, agreed to „strengthen the cooperation on energy projects” the Polish Radio reports. Both Presidents signed an agreement deepening strategic partnership between both countries.

“This agreement indicates the most important aspects of our cooperation and our friendship. It also sets new paths for the future: the paths of tightening our defense cooperation and military cooperation; tightening our cooperation in the area of security and energy business; tightening our cooperation in the broadly understood sphere of business,” said Mr. Duda.

Mr. Trump said that he is “proud to report that Poland has recently purchased a state-of-the-art Patriot missile system — which is a great system.” He also added that “The United States and Poland are deeply committed to energy diversity all across Europe. No nation should be dependent upon a single foreign supplier of energy.”

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Hungary and Russia

Hungary’s Prime Minister Viktor Orbán went to Moscow and during his talks with Russia’s President Vladimir Putin he dealt with the question of “good cooperation between the two halves of Europe, including good Hungary-Russia ties” and raised question of developing gas supplies from Russia to Hungary after 2020.

Hungary Today reports that Mr. Orbán expressed his will to see the Turkish Stream gas pipeline going through Hungary and asked Russian President for his support in the field.

The Turkish Stream is a project developed by Russia and Turkey, that gathered pace after the European Commission blocked the South Stream project. The pipeline will run from Ruskaya compressor in Krasnodar Region (Russia) across the Black Sea to Turkish Thrace coast. The project is to be completed by December 2019.

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Bulgaria

Prices of natural gas in Bulgaria will probably go up by 13.89 per cent on October 2018. In Q4’18 the price for 1,000 cubic meters of natural gas will be BGN456.65. Novinite.com informs that the country’s Working Group of the Energy and Water Regulatory Commission decided to accept the Bulgargaz’s request for price increase. It seems like for customers it will be “the biggest leap in the price of gas since April 2017”.

As reported, the increase will also affect the prices of heating and hot water. “The increase is due to the expected higher supply prices of imported gas, the higher exchange rate of the USD against the BGN, as well as the accumulated effect of the approved selling price for the third quarter of 2018, which is lower than the cost of delivery,” Bulgargaz had explained its request.

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What’s up in indexes

BET (of Bucharest) increased from 8,182.67 index points Monday, September 17th to 8,214.39 index points Tuesday, September 18th. It’s up 0.53 per cent d/d and up 2.73 per cent y/y.

BUX (of Budapest) increased from 35,820.00 index points Monday, September 17th to 36,111.00 index points Tuesday, September 18th. It’s up 0.81 per cent d/d and down 5.93 per cent y/y.

CROBEX (of Zagreb) decreased from 1,792.47 index points Monday, September 17th to 1,800.34 index points Tuesday, September 18th. It’s up 0.44 per cent d/d and up 2.65 per cent y/y.

OMXR (of Riga) increased from 965.52 index points Monday, September 17th to 989.06 index points Tuesday, September 18th. It’s up 2.44 per cent d/d and down 1.00 per cent y/y.

OMXT (of Tallinn) increased from 1,211.70 index points Monday, September 17th to 1,212.61 index points Tuesday, September 18th. It’s up 0.08 per cent d/d and down 2.43 per cent y/y.

OMXV (of Vilnius) increased from 687.60 index points Monday, September 17th to 688.49 index points Tuesday, September 18th. It’s up 0.13 per cent d/d and up 7.07 per cent y/y.

PX (of Prague) decreased from 1,092.08 index points Monday, September 17th to 1,091.64 index points Tuesday, September 18th. It’s down 0.04 per cent d/d and up 4.06 per cent y/y.

SAX (of Bratislava) increased from 332.74 index points Monday, September 17th to 333.22 index points Tuesday, September 18th. It’s up 0.14 per cent d/d and up 1.18 per cent y/y.

SOFIX (of Sofia) increased from 627.84 index points Monday, September 17th to 629.86 index points Tuesday, September 18th. It’s up 0.32 per cent d/d and down 5.90 per cent y/y.

UX (of Kyiv) decreased from 1,643.47 index points Monday, September 17th to 1,637.30 index points Tuesday, September 18th. It’s down 0.38 per cent d/d and up 45.36 per cent y/y.

WIG20 (of Warsaw) increased from 2,210.99 index points Monday, September 17th to 2,231.04 index points Tuesday, September 18th. It’s up 0.91 per cent d/d and down 10.82 per cent y/y.

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