Deadly Russian Assault on Odesa Sparks Mourning, Allegations of War Crimes
Tragedy struck the Ukrainian port city of Odesa as Russia unleashed a devastating assault, claiming the lives of five people and leaving over 30 injured
The Russian Energy Minister Sergey Shmatko will meet Friday with his Bulgarian counterpart, Traicho Traikov, to discuss the “road map” for the South Stream gas pipeline project.
The meeting will be at the Bulgarian Black Sea city of Varna and will be a continuation of the discussions during the visit of Russia's First Deputy Prime Minister Vikto Zubkov to Bulgaria two weeks ago.
A day after his visit, Zubkov announced that at this meeting, Bulgaria and Russia will sign the contract for the South Stream road map. However, Traikov has explained that this was not certain and that the contract will be discussed.
While the Russians originally demanded that there should be little new construction of South Stream on Bulgarian soil, and Bulgaria wanted brand new pipes running parallel to its existing domestic gas network, Borisov and Zubkov have hammered out a compromise entailing transiting part of the South Stream gas volumes through the Bulgarian pipes already in place.
Thus, a total of 17 billion cubic meters of the 63 billion to be transited annually through South Stream will go through the already existing Bulgarian pipeline network. The rest of the Russian gas destined for Italy and Central Europe will go through new pipes to be laid on Bulgarian territory in east-west direction.
Bulgaria’s Economy and Energy Minister Traicho Traikov has explained that the country will not lose any transit fees by allowing the use of its domestic pipelines, and will actually raise them because this decision will allow increasing the South Stream transit capacity. At present, using these pipes, Bulgaria transits 17 billion cubic meters of Russian gas to Greece and Turkey annually.
The newly-built pipes will be owned 50% by the Bulgarian government, and 50% - by the Gazprom consortium for the construction and operation of the future pipeline.
The South Stream gas transit pipeline is expected to be ready in 2015 and to transport Russian and Caspian gas through the Black Sea and Bulgaria to Italy and Central Europe. In Bulgaria it is supposed to split in two – to Greece and Southern Italy and to Northern Italy and Central Europe.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022