Bulgaria Denounces Russian Presidential Elections in Occupied Ukrainian Territories
Bulgaria has taken a firm stance against the recent Russian presidential elections held in the illegally occupied territories of Ukraine
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Russia's energy concern Gazprom is to acquire half of the shares of its Berlin-based subsidiary, South Stream Transport.
Gazprom's board of directors agreed that a total of 205 900 shares will be sold by Gazprom Germania to the main company, RIA Novosti reported.
South Stream Transport B.B. is a joint venture of Gazprom, Italian ENI, French EDF and German Wintershall Holding.
It is to build the undersea section of the South Stream gas pipeline, which will cross the Black Sea and enter the EU through Bulgarian land.
Under the current schedule, gas is to be first poured into pipes of the South Stream in 2016, and the pipeline should become fully operational to years later.
The project, however, has recently been subject to heated discussions in Europe, and also in Bulgaria, as some suggest it should be frozen due to the situation in Ukraine.
Last week the European Parliament adopted a non-binding resolution stating that construction of the South Stream should be halted.
Gazprom is adamant that work on the project continues despite threats of economic sanctions, with some reports claiming it explores "non-EU" options (such as Turkey) to deliver gas through it.
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The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
Prime Minister Nikolai Denkov addressed concerns over the long-term storage of nuclear waste during a parliamentary control session in Bulgaria today
Effective March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion