Devastation in Dnipro: Eight Killed in Russian Airstrike
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Russian Stroytransgaz consortium will build the Bulgarian stretch of the South Stream gas pipeline, it was revealed.
A major shareholder (63%) in Stroytransgaz is Volga Group, owned by Gennady Timchenko, who was placed on the US's sanctions list against Russia in mid-March. He is believed to be the 6th richest man in Russia, according to Forbes, and with close ties to President Vladimir Putin.
Bulgaria's Capital daily reported earlier this year that Stroytransgaz has expressed interest in building the pipeline, but official confirmation came on Tuesday by Vladimir Inkov, executive director of South Stream Bulgaria.
Stroytransgaz's main Bulgarian partner in the project will be Gazproekt Yug (South), which includes several major construction companies.
The tender for South Stream's construction in Bulgaria opened in December 2013. A total of 11 companies from Austria, Japan, Belgium, Germany, Italy, India, Russia, Switzerland, and Bulgaria took part.
Despite the European Commission's recommendations for renegotiation of the South Stream project, Gazprom CEO Alexey Miller confirmed last month that the building of the pipeline's ground stretch in Bulgaria and Serbia will begin in July.
Bulgaria also faces pilot procedures in the European Commission over controversial amendments to the status of South Stream, which are allegedly not in line with EU law.
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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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022