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
Authorities in Macedonia are seriously looking into opportunities for the country to join Nabucco, according to Minister of Economy Fatmir Besimi, quoted by Macedonian daily Vecer.
Macedonia is eying participation in "Europe's strategic gas projects" and is interested in participating in Nabucco, said Besimi.
He also added that his country should be looking into the potential of benefiting from gas transit through its territory.
According to the Macedonian economy minister, his country has to seize all opportunities to joint regional and international gas networks "to acquire the name of a transit zone both in natural gas in specific and in energy in general."
Nabucco is a much-cherished EU energy project, hoped to effect the much-vaunted European South Energy Corridor in a bid to ensure the security of gas deliveries to Europe and decrease dependence on Russia.
When completed, it will deliver gas from Iraq and Azerbaijan, Iraq and Turkmenistan through Turkey and Bulgaria and on to Austria.
This far Macedonia has not been included in Nabucco and the pipe is not set to pass through its territory, but authorities have been active in exploring opportunities of Macedonia's joining various energy projects, most notably Nabucco's rival, Russian-sponsored South Stream.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022