Iran Claims Israel Behind Gas Pipeline Explosions
An Iranian official has accused Israel of orchestrating an attack on gas pipelines in Iran last week
The Russian energy giant Gazprom has prepared a package of gas price offers for Bulgaria providing for their lowering by 5% to 7%.
The information was reported Saturday by the Russian news agency ITAR-TASS in the wake of the visit of Russian Prime Minister, Vladimir Putin, to Sofia for a round of crucial energy talks with Bulgarian counterpart, Boyko Borisov.
The reduction is made possible by taking into account latest gas prices while Russia and Bulgaria have reached a prior agreement to eliminate intermediaries in the delivery of Russian gas, effective from January, 2012, the report points out.
It was also negotiated that by June 30m 2011, Gazprom will sign a direct, long-term contract with Bulgargaz for gas supply, guaranteeing Bulgarian consumers' needs and under conditions no worse than those that can be provided to any other potential buyer.
According to ITAR-TASS, the volume of transit gas to Bulgaria would reach 23 B cubic meters by 2030, compared to the current 15.5 B cubic meters.
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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
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