Latest news and stories about gas prices in Portugal for expats and residents.
Gas and oil prices rose again following the end of negotiations between the US and Iran in Pakistan.
Gas prices have increased as of this Wednesday. The rise will be three euros for 13-kilogram cylinders and could reach 15 euros for 45-kilogram cylinders.
Gabriel Sousa, president of Floene, argues that the structural solution for the country involves importing less gas and producing biomethane, a 'green gas' obtained from urban and agricultural waste.
Mafalda Trigo, vice-president of the National Association of Fuel Retailers (ANAREC), anticipates the price increase for 13kg and 45kg gas cylinders. She also explains why diesel prices remained stable and petrol saw a 2-cent reduction this Monday.
April will see the prices we all pay for bottled gas increasing ‘dramatically’. Mafalda Trigo, vice-president of ANAREC – the national association of fuel salespeople – has told CNN Portugal The post Gas bottle prices suffer “large increase” from Wednesday appeared first on Portugal Resident.
Populations in border areas are buying gas in Spain, where cylinders cost less than half of what they do in Portugal.
With European gas prices soaring by 35%, Macron called for a truce and direct negotiations between Washington and Tehran to stop the spread of war in the Middle East.
Member countries warn of mass speculation as bloc gears up to bulk buy gas before winter.
Measures aim to soften the impact on Europeans of the U.S.-Israeli war on Iran.
The European Commission is resisting pressure from some member countries to temporarily import Russian fossil fuels.
Biomethane production from urban and livestock waste could replace a large portion of the imported natural gas currently flowing through the networks. In contrast to green electricity, Portugal is lagging behind.
Experts say that Europe “has become more resilient”, but has also become “more exposed to the volatility of global markets”
The European Commission guarantees that the 27 member states are not yet facing a shortage of oil and natural gas.
“In the current crisis, some argue that we should abandon our long-term strategy and even return to Russian fossil fuels. That would be a strategic error; it would make us more dependent, more vulnerable, and weaker,” she said, in an allusion to the Prime Minister of Hungary.
PRESS REVIEW | Natural gas is expected to increase in October
With votes against from Hungary and the Czech Republic and an abstention from Bulgaria, the Council of the EU decided that imports will be gradually reduced until the ban takes effect in early 2027.
The PCP's bill sets the price of a 13-kilogram gas cylinder at €20, taxes included.
The European Union has been accused of fuelling Russia's war effort through imports of liquefied natural gas. Europe continues to import large quantities of gas from the Yamal gas complex, according to new data.
The Energy Services Regulatory Authority has launched an online tool.
