Russian Missile Strikes Target Ukraine's Energy System
Russia has intensified pressure on Ukraine's energy infrastructure with targeted missile strikes hitting facilities in central and western regions
Bulgargaz expects a loss of BGN 34 M if the Energy and Water Regulatory Commission (KEVR) confirms the decision of the working group on the price of natural gas as of January 1, 2017, said the head of directorate Licensing Activity during an open meeting of the regulator.
Bulgargaz demanded a 13.53% increase in the price of gas but KEVR did not recognise the estimates of the company and reckoned that the price increase should be slightly less than 5% as of the beginning of 2017.
Bulgargaz think that, as a result of the corrections of KEVR, the price of gas for end consumers will be lower than the delivery price. He calculated that expected losses amount to BGN 24 M for the entire quarter for the trade with gas. The company will lose an additional BGN 10 M if the exchange rate of the USD to the BGN maintains its current level of BGN 1.78 to USD 1 over the next few months, reported investor.bg.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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"
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