Iran Interested in Pumping Gas to Bulgaria-Greece Link
Iran is seriously interested in delivering gas to the interconnection between Greece and Bulgaria, the latter country's Energy Minister Temenuzhka Petkova has announced.
German utility RWE AG Friday said a decision on whether to invest in the European Union-backed Nabucco natural gas pipeline will be made only in 2011.
"In light of the still pending gas supply contracts the original schedule can't be met" said an RWE spokesman, confirming a statement by Michael Ulbrich, an executive at OMV AG (OMV.VI) with responsibility for pipeline projects.
Ulbrich told Austrian newspaper Der Standard: "This year we certainly won't make it, it will be in 2011."
The shareholders in Nabucco, which is slated to carry Caspian region gas 3,000 kilometers to Western Europe, are Botas (Turkey), Bulgarian Energy Holding (Bulgaria), MOL (Hungary), OMV (Austria), RWE (Germany), Transgaz (Romania), each holding an equal share of 16.67%.
The European Union puts high hopes in Nabucco for effecting the much-vaunted European South Energy Corridor in a bid to ensure the security of gas deliveries to Europe and decrease dependence on Russia.
It is seen as a rival to the South Stream gas pipeline project sponsored by Russia, to which Bulgaria is a also a party.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022