New Russian Missile Attacks in Ukraine
Ukraine finds itself once again under fire from Russian missiles, marking a new wave of violence in the region
French energy company Electricite de France may have a share of up to 20% of the South Stream gas transit pipeline, Russian PM Vladimir Putin announced.
Putin met Monday with his Italian counterpart Silvio Berlusconi prior to a summit at Villa Gernetto in Lesmo near Milan, Italy.
“PM Berlusconi and I have agreed that France will become part of the South Stream project, and the agreement for that will be signed in St. Petersburg in June,” said the Russian Prime Minister as cited by RIA Novosti. Thus, France’s EDF will become the third partnering company in the project together with Russia’s Gazprom and Italy’s Eni.
Putin assured the media that there are no delay on the execution of the South Stream pipeline which will transfer Russia gas to Italy via the Black Sea and Bulgaria as well as several other Southeast European states.
The Russian PM reminded that over the weekend Austria signed an agreement to join the project, which has completed the legal base for the pipe with Bulgaria, Serbia, Hungary, Greece, Slovenia, and Croatia having already become part of it.
The Black Sea section of South Stream, which will bridge the Russian and the Bulgarian coast, will be 900 km long, and will have a transit capacity of 63 billion cubic meters of gas. Once completed, the South Stream pipe is supposed to be used for 35% of the Russian gas transfers to Europe.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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"
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022