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
Russian energy giant Gazprom has acquired a license from the Bulgarian government to purchase 7 filling stations in the country.
Gazprom will be acting by means of newly-founded NIS Petrol company, registered in Bulgaria.
The company has listed as its fields of activity the exploration and production of fuels, as well as storage, logistics, retail and wholesale.
Bulgaria's Commission on Protection of Competition has mandated that Bulgaria's retail market for car fuels is structured in such a way that the entry of NIS Petrol will not create a dominant position for Gazprom.
Most of natural gas coming into Bulgaria (some 90%) is of Gazprom provenance, coming via various intermediary.
Bulgarian company Overgas, owned by Gazprom, also sells a large part of the natural gas to Bulgaria's households.
Earlier in 2011, controversy raged in Bulgaria over whether Lukoil Bulgaria, owned by Russian giant Lukoil, has an excessively dominant position in Bulgaria's retail fuel market.
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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"
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022