European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The Federation Council of Russia has approved the law for the ratification of the agreement between the governments of Russia and Turkey on the Turkish Stream pipeline.
The agreement envisages the creation of a favourable normative and legal basis, including a tax and customs regime, for the design, construction and exploitation of the pipeline, stated Yuri Sentyurin, Russia’s Deputy Energy Minister.
Sentryuirin is responsible for the project in the Russian government.
Sentyurin explained that Turkish Stream is intended for the delivery of Russian gas to the territory of Turkey, as well as for Russian deliveries of blue fuel to EU member-states after 2019.
Sentyurin underlined that the new pipeline will not allow Russia to give up completely the transit of gas through Ukraine, but it will help “to considerably reduce the risks related to such transit”.
The agreement on Turkish stream was signed in Istanbul on October 10, 2016.
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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
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