Energy

The Bulgarian and Turkish energy ministers met in Istanbul to discuss revising the current gas supply agreement between "Bulgargaz" and "Botas." Bulgaria expressed a desire to renegotiate the deal, which requires them to pay nearly $500,000 daily to Turkey for unused capacity, with Turkey showing understanding and willingness to cooperate further.

Union Minister for Commerce and Industry, Piyush Goyal and Indian Ambassador to Nepal, Naveen Srivastava, expressed India's commitment to being a trusted partner for Nepal's development at the third Nepal Investment Summit. They highlighted the strong bond, deep-rooted friendship, and shared vision for a prosperous future between Nepal and India, emphasizing cooperation in various sectors including trade, investment, and energy.

The Northern Territory government awarded a major gas supply contract to US-based company Tamboran Resources without a tender process, raising concerns over transparency and competition. Central Petroleum, the only onshore gas producer in the NT, was excluded from bidding and questioned the government's decision.

Honeywell has developed a new technology that can produce more sustainable aviation fuel (SAF) at a lower cost, potentially revolutionizing the aviation industry's efforts to reduce its carbon footprint. This technology could significantly increase SAF production and contribute to the industry's goal of achieving net-zero carbon emissions by 2050.

Genkai town assembly's special committee approved a request to explore hosting the final nuclear waste disposal site, making it the first town with a nuclear power plant to consider this option. The entire assembly is expected to vote on the request, with the mayor having the final say on formally entering the selection process.