Energy Minister: Russia Wants to Build Luxury NPP in Bulgaria
Russia has requested the maximum possible price for the Belene NPP project in Saturday's negotiations, revealed Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.
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Russia has requested the maximum possible price for the Belene NPP project in Saturday's negotiations, revealed Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.
Bulgaria will ask the European Commission for a derogation, so that a substantial part of the South Stream pipe be used only by shareholders, confirmed energy minister Traicho Traikov Tuesday.
The Bulgarian Energy Holding has picked HSBC, one of UK's biggest banks, for a consultant to help it decide how to proceed and attract new investors for the planned Belene nuclear power plant, the energy minister said.
Bulgaria's prime minister has reiterated his determination to abandon the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and environmentally unfriendly.
Bulgaria is to amend its original 2008 South Stream gas transit pipeline deal with Russia in accordance with what is described as "advice" from the European Commission.
The Bulgarian government will not accept a final price of EUR 7 B for the Belene Nuclear Power Plant project, Bulgarian Economy andEnergy Minister Traicho Traikov, stated.
In case Bulgaria faces problems with the financing of its section of the South Stream gas line, Russia can secure an advance amount, without having the right to obtain shares and assets.
Russia made a step towards the realization of the South Stream gas line Saturday, but actual construction will not start for years, the Moscow daily "Nezavisimaya Gazeta" writes Monday.
Talks on gas prices between Bulgaria's "Bulgargaz" and the Russian energy giant "Gazprom" are happening as early as this week, according to the CEO of the Bulgarian Energy Holding (BEH), Maya Hristova.
Bulgarian PM Boyko Borisov has stated that his country will be buying Russian gas at lower prices, just a day after talks with Russian PM Vladimir Putin appeared to end at stalemate on that matter.
"South Stream Makes Major Step in Europe" - this is the headline of Russian daily Vesti commenting on Russian PM Vladimir Putin's Saturday visit to Sofia.
The South Stream gas transit pipeline might be launched four months ahead of schedule thanks to the progress achieved with Bulgaria, Gazprom CEO Alexei Miller declared in Sofia Saturday.
Bulgaria's future second nuclear power plant Belene will take less than 20 years to return the money invested in its construction, Sergey Kiriyenko, CEO of the Russian state nuclear energy corporation Rosatom, declared in Sofia.
Bulgaria can no longer be replaced by Romania as the European hub of the Russian-sponsored South Stream gas transit pipeline, Gazprom CEO Alexei Miller stated in Sofia.
Bulgaria and Russia are making progress on the talks for the price of the construction of the Belene Nuclear Power Plant, their Prime Ministers, Borisov and Putin, clearly optimistic about the project, said in Sofia Saturday.
Bulgaria and Russia have signed an intergovernmental agreement for the construction of the Bulgarian section of the South Stream gas transit pipeline in the presence of their Prime Ministers, Boyko Borisov and Vladimir Putin, in Sofia.
The offer of the Russian energy giant to reduce the natural gas price for Bulgaria will mean that Bulgaria will be saving a total of about USD 58-60 M per year, according to a Russian analyst.
The Bulgarian Prime Minister Boyko Borisov should not capitulate under Russian pressure, the Bulgarian rightist party DSB (Democrats for Strong Bulgaria) stated in a special declaration.
The Russian energy giant Gazprom has prepared a package of gas price offers for Bulgaria providing for their lowering by 5% to 7%.
The Russian Prime Minister, Vladimir Putin, is arriving in the Bulgarian capital Sofia Saturday for a one-day visit on the invitation of Bulgarian counterpart, Boyko Borisov.
The National Nabucco Company in Bulgaria has completed successfully consultations with Bulgarian local authorities on the future gas transit pipeline.
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