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File photo, EPA/BGNES
Gazprom's deputy head for economic and financial affairs announced on Wednesday there was "a high degree of readiness" to provide funding for the so-called Turkish Stream pipeline.
Igor Shatalov added the project had reached a stage that allowed it to attract the necessary funding.
His words, quoted by TASS news agency, follow a move by Turkey to mend ties with Russia after a months-long spat over the downing of a Russian fighter bomber.
A letter of apology by Turkish President Recep Tayyip Erdogan was followed by a phone conversation between him and his Russian counterpart Putin on Wednesday.
Earlier this week, Gazprom's spokesperson Sergey Kupriyanov also said there was room for dialogue on the projects.
In a separate development, however, Russian Energy Minister Alexander Novak made clear his country stood ready to build South Stream as well.
Turkish Stream is considered to be an alternative to South Stream after the latter was abandoned in December 2014.
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As Russia prepares to mark Victory Day, commemorating the Soviet Union's triumph in World War II, festivities are set to be scaled back for the second consecutive year due to security threats linked to the war in Ukraine and recent acts of terrorism
Reports emerged last night of renewed Russian missile fire targeting the eastern Ukrainian city of Kharkiv, intensifying fears of escalating conflict in the region
In a recent interview with "Fakt", Polish President Andrzej Duda made a significant statement, expressing Poland's readiness to permit NATO allies to deploy nuclear weapons on its territory
Reports have emerged confirming the capture of Bohdanivka, a crucial village in eastern Ukraine, by Russian armed forces
A bus with Bulgarian registration veered off its path, resulting in 11 injuries, two of which are reported to be severe
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
