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
EU energy chief Maros Sefcovic has said that energy cooperation between the EU and Russia would be discussed at a meeting of EU foreign ministers on January 19.
Speaking after a Wednesday meeting with Russian Energy Minister Alexander Novak in Moscow, Sefcovic made clear that the EU was willing to consider the offer of Gazprom CEO Alexei Miller of 50-60 bcm of Russian gas in Turkey.
Novak, as cited by TASS, made clear that the agenda of Wednesday’s meeting with Sefcovic had included topics such as the Turkish Stream gas pipeline project and issues related to the natural gas and power engineering industry.
The European Union's Energy Commissioner insisted that the decision to transfer the sale of Russian gas from Ukraine to Turkey harmed the image of Gazprom.
Earlier the same day, Gazprom CEO Alexei Miller declared that the South Stream gas pipeline project had been closed and the focus had shifted to the Turkish Stream project.
Miller called on EU countries to create the necessary infrastructure for the supply of Russian gas from the Turkish-Greek border where the new gas hub would be built.
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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
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