Send to Kindle
The head of the Bulgarian Energy Holding, Galina Tosheva, believes that Nabucco will be ready before South Stream. Photo by BGNES
The Director of the Bulgarian Energy Holding, Galina Tosheva, has predicted that the EU-sponsored Nabucco gas transit pipeline will be completed before its Russian rival project, South Stream.
In an interview for the Bulgarian National Radio on Wednesday, Tosheva said Nabucco was a greater priority because it would lead to a diversification of the EU gas supply.
In her words, this project was ahead of the Russian-sponsored South Stream and would be completed sooner.
Tosheva also said there were no secret deals made between the Bulgarian government and Russia during PM Stanishev's visit to Moscow.
On Tuesday, Stanishev and the Russian leaders reached an agreement over South Stream but the deal has not been formally signed yet.
The Bulgarian government has emphasized that all of its demands had been accepted by the Russian side which at one point floated the idea of using the Bulgarian gas transit network as part of the South Stream pipeline.
The Bulgarian authorities, however, have been sticking to the original agreement signed in January 2008 which provided for a separate South Stream pipe running parallel to the existing Bulgarian gas network.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Prime Minister Boyko Borissov, who officially opened the extension of the Balkan Stream to our territory near Strandzha, continued the tour along the gas pipeline route and arrived in Knezha, where its northern part from Provadia to the Serbian border is
The European Commission has fined Bulgarian Energy Holding (BEH), its gas supply subsidiary Bulgargaz and its gas infrastructure subsidiary Bulgartransgaz (the BEH group) more than 77 million euro for blocking competitors’ access to key gas infrastructure
''I am waiting for a letter from the European Commission on whether they will allow me or not to start negotiations for a direct pipeline from Turkish Stream to Bulgaria‘‘, Prime Minister Boyko Borisov said at the annual meeting of Bulgarian ambassadors,
At the end of last week Russia’s energy giant Gazprom started the actual construction of the Turkish Steam gas pipeline after Russian President Vladimir Putin gave green light to that project, quoted by BNR.
Caretaker Energy Minister Nikolay Pavlov has said that state energy companies Bulgargaz, Bulgartransgaz and the Bulgarian Energy Holding have already drawn up a position on commitments proposed by Gazprom in the case with the European Commission, BNR repo
Minister of Energy Nikolay Pavlov informs that at the moment the Bulgarian state – owned companies Bulgarian Energy Holding, Bulgargaz and Bulgartransgaz are working hard on the preparation of detailed analyses of the proposals for commitments, submitted
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
