India's top oil and gas producer ONGC reported a tripling in net profit in the June quarter as it earned record prices before the government imposed a tax on windfall profits arising from a global rally in energy rates.
The total of revenues came from transmission services for the transport of natural gas, amounting to EUR 29.3 million. Revenues from gas flow balancing services contributed equally to the growth, as did the extremely high gas prices and the taxation of gas flows in the system,
President Rumen Radev pointed out at a meeting with the owner of the company Avax, who is building the interconnector and the management of the ICGB project company, that the inter network gas connection with Greece is of great importance for the achievement of real diversification for the understanding for the improvement for the activity of real deepen in
Bulgaria's Commission for Energy and Water Regulation confirmed the price of natural gas for August in the amount of the increase requested by Bulgargaz. 298 BGN 152 EUR will be paid for 1 megawatt hour, which is a 60% increase in prices on Tuesday.