Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Bulgaria's Minister of Energy and Economy, Petar Dimitrov, has stated that the January gas crisis has affected the attitude of Bulgarians towards Russia.
"Unfortunately, the gas crisis has harmed our historical feelings towards the Russian people. ... Bulgarians are more unhappy when there is no crisis, whereas in times of hardship, they get mobilized and find a way out of the situation with dignity", Dimitrov stated during the award ceremony for Power Engineer's Day, as quoted by BGNES.
Minister Dimitrov said Bulgaria lost directly about BGN 500 M as a result of the Russia-Ukraine gas crisis which led to the cutoff of Russian gas supplies for Europe - a situation in which Bulgaria was affected the most.
Dimitrov expressed his satisfaction with the Crisis Headquarters set to cope with the crisis, and of the foundation of the Bulgarian Energy Holding, a megastructure uniting all of Bulgaria's major state-owned energy companies.
The Minister said Bulgaria's economy was "in a stable condition", and that the greater utilization of renewable energy sources was extremely necessary. Dimitrov evaluated positively the existing energy efficiency programs but pointed out that Bulgaria was still far behind the average EU level in this respect.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
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
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