Russian Missile Strikes Target Ukraine's Energy System
Russia has intensified pressure on Ukraine's energy infrastructure with targeted missile strikes hitting facilities in central and western regions
The finalization of a deal between Bulgaria and Turkey to interconnect their natural gas networks is set to be among the chief topics of discussion during the visit of Bulgaria's PM Boyko Borisov to Turkey next week.
Tuesday Borisov, together with eight cabinet ministers is traveling to Bulgaria's southeastern neighbor on an important state visit, writes Turkish paper Hurriyet Sunday.
Bulgaria wants to finalize the deal with Turkey, which is part of its plans to diversify its natural gas sources away from Russia, from which it is overly dependent, writes the paper.
The project for a pipeline to interconnect Bulgaria and Turkey can be financed by the EU, and is set to deliver gas to Bulgaria from Azerbaijan, which which Bulgaria has already concluded a preliminary deal.
Bulgaria's energy policy, however, has received a major shake-up over the week, as PM Borisov dismissed Minister of Economy and Energy Traicho Traikov.
Traikov's vice-minister Delyan Dobrev is said to be the person, who is to take up the front seat at the ministry.
Among the reasons for firing Traikov, Borisov pointed out what he saw as the excessively slow work on creating natural gas systems interconnections with Bulgaria's neighboring countries.
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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"
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