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Bulgartransgaz CEO Kiril Temelkov. photo by Kapital
Bulgaria's 25-km gas interconnector with Romania will be completed and functional by the end of May 2013, according to Kiril Temelkov, CEO of the Bulgartransgaz energy company.
The construction of Bulgaria's cross-border gas link with its northern neighbor was launched last week.
Romania's gas system is not only connected with Russia, but also with Hungary, Temelkov pointed out in an interview for the Bulgarian National Radio.
Thus, Bulgaria will be able to make use of new sources of gas, he explained.
Bulgaria moved to link its natural gas grid to that of its neighbors after the January 2009 gas war between Russia and Ukraine, which cut off the Russian gas supplies to Bulgaria for full three weeks leaving it without natural gas in the middle of the winter.
Bulgaria also plans to build gas links with three other neighbors – Turkey, Greece and Serbia – in a bid to diversify its energy supplies.
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The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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