Send to Kindle
The EU’s competition regulators have approved a plan by Greece and Bulgaria to build and operate a natural gas interconnector with public funds, reports Energy Live News.
They said the €240 million (£209m) project will boost the region’s goal of diversifying its energy supplies by carrying three billion cubic meters of natural gas from Greece to Bulgaria each year by 2021.
The support would include a €111 million (£96.7m) loan from the European Investment Bank, €39 million (£34m) from Bulgaria and a 25-year fixed corporate tax regime.
The interconnector will be owned by ICGB AD, a joint venture between the IGI Poseidon consortium and BEH.
A new power interconnector between Germany and the Netherlands has recently gone live, boosting transmission capacity between the countries by up to 750MW.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
