Oil Prices Hit 5-Month Highs
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria has not set for itself the goal of becoming a key hub for gas produced by Russian energy giant Gazprom, according to a Russian daily.
Izvestiya quotes Bulgaria's Deputy Energy Minister Anton Pavlov as saying that Sofia would demand an extension to the so-called Turkish Stream gas pipeline which is to replace South Stream.
The latter was a project that would have carried gas to Central Europe via Bulgaria but which Russia abandoned in 2014.
In the words of Pavlov, Bulgaria could turn into Russia's "gateway into the European gas transportation system" if Turkish Stream is connected to its own gas grid.
This comes amid a gas pricing dispute between Russia and Turkey which in September brought Turkish Stream negotiations to a halt.
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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
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