Gas Prices may Remain High for another Two Years
The European Union is facing a serious gas supply crisis, with high gas prices likely to persist for another two years or so
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Business » Energy
Nord Stream Shuts Down for 10 days due to Planned Repairs
Russian gas deliveries via Nord Stream - the main pipeline for gas exports from Russia to Europe - will be temporarily suspended from this morning until July 21 due to planned annual maintenance work on the pipeline
Bulgaria: Most Gas Stations offer the State Discount of 25 cents
All members of the Bulgarian Oil and Gas Association and most of the gas stations in the country as a whole already offer the state discount on the price of fuel
Bulgaria: How to get the 25 cents Discount at Gas Stations
Each gas station will decide for itself whether to grant the discount of 25 cents per liter of A95 gasoline, diesel, natural gas (methane) or propane-butane (liquefied petroleum gas LPG)
Construction Works on the Greece-Bulgaria Interconnector have been Completed
Resigned Prime Minister Kiril Petkov will be on a one-day visit to Greece, where, at the invitation of Greek Prime Minister Kyriakos Mitsotakis, he will participate in the official ceremony marking the completion of the construction of the Greece-Bulgaria
IEA: Gas Consumption will Shrink because of Russia
Gas consumption will contract slightly this year due to high prices and reduced volumes of Russian gas to Europe, and will see only slow growth in the coming years as consumers switch to alternative energy sources
Bulgaria: The Profit of Turkish Stream is BGN 83.5 million (EUR 42.7)
The profit from the operation of the Turkish Stream gas pipeline in 2021 is BGN 83.57 million EUR 42.7 million)
In the first Six Months of 2022, St. Nikola Wind Farm Generates 22% more Wind Power y/y
For this period, the largest wind farm in Bulgaria provided the power consumption of 116 000 Bulgarian households
Bulgaria: One of our Reactors is expected to use a different Nuclear Fuel than the Russian one
It is expected that one of the reactors of the Kozloduy NPP will use a different fuel from the Russian nuclear fuel after 2024. This was announced on bTV by the resigned Minister of Energy Alexander Nikolov
Bulgaria: Petrol and Diesel Prices are still Rising
The price of A95 gasoline at the main gas stations in Sofia reaches from BGN 3.35 (EUR 1.71) to BGN 3.43 (EUR 1.75) per liter, and diesel - from BGN 3.50 to BGN 3.58
Bulgaria: Higher Electricity Prices from Today
Today, the Commission for Energy and Water Regulation (EWRC) adopted a decision approving prices in the "Electricity" sector for the new regulatory period 1.07.2022 - 30.06.2023
Bulgaria: Since when will 25 Cents be Deducted from the Price of Fuel
The discount of 25 cents for fuel was accepted by the National Assembly. However, what does it mean for the operation of gas stations, commented Georgi Tenev, a lawyer at the Association of Fuel Dealers in Bulgaria
From Today: Bulgaria to begin Receiving Full Quantities of Gas under the Contract with Azerbaijan
Starting today, Bulgaria will start receiving the entire quantities of natural gas under the contract with Azerbaijan, the Ministry of Energy informed BNR
The West is considering Price Caps on Russian Oil and Gas
G-7 leaders have agreed to explore the possibility of setting price caps on Russian oil and gas imports to try to limit Moscow's ability to fund its invasion of Ukraine
EU: 40% Renewable Energy by 2030
The EU Council has agreed on a binding target of 40 percent of energy from renewable sources in the overall energy mix by 2030
Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas
Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users
Sofia: A Protest against High Fuel Prices is planned for Today
A national protest against high fuel prices was organized, on social networks, for today in the Bulgarian capital
Oil is Cheaper by more than 5% against one-month Price Lows
Oil futures fell more than 5% on Wednesday to more than 5% against one-month price lows amid growing fears that the Fed's and other central banks' interest rate-raising policies in a bid to fight record inflation will slow economic growth and it even risk
Von der Leyen: Reducing Heating in Europe by 2 Degrees will Replace Nord Stream Supplies
“Reducing home heating temperatures in Europe by 2 degrees would make it possible to replace gas supplies through the Nord Stream gas pipeline”
Bulgaria: Fuel Prices with a New Peak, Petrol and Diesel reach BGN 3.50 per Liter
Prices per liter of fuel jumped again, and at the main and largest gas stations they vary. For a liter of A95 petrol, drivers pay between BGN 3.32 and BGN 3.43, respectively, and for a liter of regular diesel the amount ranges from BGN 3.43 to BGN 3.58
Russia is already China's largest Oil Importer
China imported a record amount of crude oil from Russia in May
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