Turkey Backs Mark Rutte for NATO Secretary General Role
Turkey has thrown its support behind outgoing Dutch Prime Minister Mark Rutte for the position of NATO Secretary General,
The Nabucco pipeline project has modified its gas supply concept to include two feeder pipelines leading to Turkey – one from Georgia and one from Iraq.
This is seen as following Nabucco's commitment to a “multi-source approach” to guarantee stable and adequate deliveries of gas to Europe.
The decision for introducing two feeder lines was taken at the last meeting of Nabucco's Steering Committee in Ankara and reported Monday.
“The planned route offers a wide range of supply sources for the Nabucco gas pipeline, which will receive gas from Azerbaijan, Turkmenistan and Iraq,” says the announcement.
The Nabucco Consortium announced it has already ordered the engineering works for the two lines.
A third line from Iran to Turkey is not planned due to the "political situation."
The shareholders in Nabucco are Botas (Turkey), Bulgarian Energy Holding (Bulgaria), MOL
(Hungary), OMV (Austria), RWE (Germany), Transgaz (Romania), each holding an equal
share of 16.67%.
The European Union puts high hopes in Nabucco for effecting the much-vaunted European South Energy Corridor in a bid to ensure the security of gas deliveries to Europe and decrease dependence on Russia.
It is seen as a rival to the South Stream gas pipeline project sponsored by Russia, to which Bulgaria is a also a party.
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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
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
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