Bulgargaz Proposes 18% Reduction in Natural Gas Prices
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Just ten days after visiting Moscow to secure funding for Belene nuclear power plant, the energy minister will be heading for the Russian capital again.
The visit of Petar Dimitrov, whose official aim is the preparation of the upcoming meeting of the Bulgarian-Russian intergovernmental commission, is believed to highlight important energy issues, such as Bulgaria's contract with Russian energy giant Gazprom and the construction of Belene nuclear power plant.
Bulgaria's state gas monopoly Bulgargaz has recently announced they are not ready with a new draft contract with Gazprom, which makes highly unlikely the negotiation of new conditions before the term of the current government expires this summer.
The Bulgarian government is however expected to complete talks for Russian funding for the planned EUR 4,0 B nuclear power plant at Belene. The government chose last year German power utility RWE to become a strategic partner in the Belene project with a stake of 49%. State power utility NEK has a majority stake in the plant.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022