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 full implementation of the Nabucco gas pipeline becomes less probable every year, according to the the Special Envoy on Eurasian Energy Issues of the US State Department Richard Morningstar.
Morningstar expressed pessimism about Nabucco at the conference on "Natural gas and Ukraine's energy future", as cited by RIA Novosti and Trend News.
"It became clear that it is more difficult to implement the project from the financial and temporal points of view," Morningstar stressed.
He said that this Nabucco has been discussed for several years, and that the implementation of such a massive gas pipeline will require considerable time, in addition to the problem with securing sufficient supplies to fill up the pipe.
The "Nabucco" project is intended to transport natural gas from the Caspian region and Middle East to the EU countries. Its construction is scheduled to begin in 2013 with commissioning in 2017. Its maximum capacity will hit 31 billion cubic meters per year. "Nabucco" participants are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE.
Morningstar offered as an alternative to Nabucco a focus on gas supplies via other southern routes in order to provide gas to the most vulnerable countries located in the Balkans. He said that this idea can be implemented through the construction of a gas interconnector with Turkey.
"Of course, the "Southern Gas Corridor" will work, but its capacity will be accelerated gradually,' he said. "There will not be large volumes."
Nabucco, in which Bulgaria is a key participant, is now supposed to start pumping Caspian gas to Europe in 2017, after in 2015 its projected launch date was pushed back by 2 years.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022