Bulgarian Parliament Votes to Exempt Bulgartransgaz from Gazprom Fees
The National Assembly has enacted changes exempting "Bulgartransgaz" from collecting a new fee imposed on "Gazprom" for gas transit through the Turkish Stream pipeline
Bulgaria Energy Minister, Petar Dimitrov, has received notice from the Russian Ambassador to Bulgaria regarding a possible gas cut-off as early as June 7 - EP election day.
Russian Ambassador, Yuri Isakov, has warned that unless the Ukraine manages to pay its debts to Gazprom before the fixed deadline of June 7, the Russian company may have to stop the gas supply to South East Europe.
Dimitrov stated that there is no risk to consumers in Bulgaria. He added that the Chiren natural gas depot currently contains 500 million cubic metres of gas.
"Four million cubic metres a day is enough to meet our demand throughout the summer," Dimitrov concluded and also noted the delivery agreements signed with Greece and Turkey after the January crisis.
On Wednesday, Russia's PM, Vladimir Putin, announced that Russia would stop delivering gas to the Ukraine at the end of June, if the country did not pay for the gas delivered in May.
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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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022