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
Gazprom CEO Alexei Miller will visit Bulgaria Friday to discuss delivery of Russian natural gas and the future South Stream gas pipeline project.
The information was confirmed by the Bulgarian Ministry of Economy and Energy. In Buglaria, Miller will hold talks with PM Boyko Borisov and Minister of Economy and Energy Traicho Traikov.
Bulgaria has had an uncertain stance on South Stream, which has led to an activizing on the part of the Russian side. Just Monday Russian press characterized Buglaria as the "problematic" country for South Stream.
Bulgaria has been committed to the execution of the EU-sponsored Nabucco gas pipeline project, which is widely seen as rival to South Stream.
Nevertheless, in July Russia secured commitment on the part of Bulgaria for South Stream, after visits by first deputy-PM Viktor Zubkov and energy minister Sergey Shmatko.
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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