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Russia has invited Bulgaria to renegotiate gas prices, Bulgaria’s Energy and Water Regulatory Commission chairman Ivan Ivanov told BNT on 5th of September.This became possible after Brussels launched an anti-monopoly case because of the raised prices at which Gazprom sells blue fuel to eight countries in the European Union, including Bulgaria.
To avoid heavy fines and court fees, the Russian state company signed an agreement with the European Commission, according to which waives the ban on the re-sale of Russian gas to third countries and agrees to renegotiate prices with the countries concerned.
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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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
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