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Marcel Kramer. Photo by www.media.focusreports.net
The head of the Dutch Gasunie company, Marcel Kramer, has been named chairman of the board of directors and executive director of the South Stream gas pipeline project
"The [South Stream] project is progressing month to month and the time has come to bring light into the relation of its managers. I would like to introduce this person to you, he is Marcel Kramer," , Russia's gas giant Gazprom CEO Alexei Miller announced on Saturday on the sidelines of the International Economic Forum, as cited by RIA Novosti.
Kramer said he would officially step into office on October 1.
"I need to step down from my current position at the end of August...my replacement has already been found, and then I will wait until I begin working on South Stream," the current Gasunie president said.
Kramer was appointed Chairman of the Executive Board and Chief Executive Officer of Gasunie on July 1, 2005.
Kramer holds a degree in Private and Corporate Law. He was appointed Fellow of the Institute of Petroleum in London in 1987 and is professionally active in various organizations such as the International Association of Energy Economists (IAEE) and the Energy Delta Institute (EDI) in the Netherlands.
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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
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Hungary's Foreign Minister has argued the abandoned South Stream gas pipeline project could be revisited following the early election in Bulgaria next month.
Bulgaria is seeking to take in part of the Ukrainian gas transit, the head of an influential private-sector engineering organization has said.
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"
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Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
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