Bulgarian Parliament Votes to Exempt Bulgartransgaz from Gazprom Fees
The National Assembly has enacted changes exempting "Bulgartransgaz" from collecting a new fee imposed on "Gazprom" for gas transit through the Turkish Stream pipeline
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Alexander Ivannikov, First Deputy Head of the Department for Finance & Economics at Gazprom, has announced a major spike in the cost of the South Stream gas pipeline.
Ivannikov, as cited by Interfax and Bulgaria’s Focus news agency, made clear Thursday that the cost of the offshore section of the South Stream gas pipeline had increased to EUR 14 B from a rate of EUR 10 B, while the price tag of the European section of the conduit had been revised to EUR 9.5 B from a rate of EUR 6 B.
The latest calculations entail a 47% price spike to EUR 23.5 B.
The overland section of the gas pipeline on Bulgarian territory is to cost no less than BGN 3.7 B, excluding the cost of the pipes, according to recent estimates of South Stream Bulgaria.
South Stream Transport is to build the offshore section of the gas pipeline from the Russian town of Anapa to Karadere area on the Bulgarian Black Sea coast.
Gazprom holds a 50% stake in South Stream Transport, while Italy’s Eni controls a 20% stake, and Germany’s Wintershall and France’s EDF own 15% stakes each.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022