Republicans Propose Low-Interest Loan for Military Aid to Ukraine
US Senator Lindsey Graham expressed confidence that Congress will soon approve an aid package for Ukraine, albeit likely in the form of a low-interest loan rather than grants.
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgarian Prime Minister Boyko Borisov said on Sunday Sofia is not intending to take action against the Nord Stream-2 gas pipeline project.
On the sidelines of an EU-Turkey summit in Brussels, he commented on last week's reports by Reuters that Sofia would be one of the signatories to a letter calling on the EU Commission to scrutinize the project.
Nord Stream-2 would virtually double the capacity of the existing pipeline delivering gas to Germany under the Baltic Sea (currently at 55 billion cubic meters per year). The new project, however, will also bring direct supplies to other countries such as the UK and France.
Ukraine and the Baltic countries, however, have repeatedly warned the project might threaten the EU's energy security.
Bulgaria is also determined that its gas hub proposal - one under which a gas distribution center should be set up at the Bulgarian Black Sea coast - should be embraced by Russia and the EU.
"I still think that the gas distribution center, or the hub, or whatever you call it, in Bulgaria, one that should received liquefied gas [LNG] and Russian gas, and also gas from our [Bulgaria's] deposits, is a big reality [sic!]," the Bulgarian News Agency quotes him as saying.
This position is "beneficial for Bulgaria" and the government should not be reproached by it, he added.
Borisov also made clear he deemed the two projects to be "interlinked", but did not go into details.
So far Russia has made clear it does not plan on building a gas hub in Bulgaria or an extension of the so-called Turkish Stream pipeline. The latter is to replace the South Stream pipeline project which Russia abandoned in December of last year and which was to carry gas from Russia to Central Europe via Bulgaria and Serbia.
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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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