Send to Kindle
Bulgaria's PM, Sergey Stanishev, (L) and Energy Minister, Petar Dimitrov, (R) are among the 400 participants of the energy business forum held in Sofia as part of the energy summit. Photo by BGNES
Bulgaria had requested about a week ago a new, more favorable contract with Russia's "Gazprom".
The news was announced by Bulgaria's Energy Minister, Petar Dimitrov, during the energy business forum, held in the frame of the Sofia energy summit "Natural Gas for Europe."
The new contract must include less transit taxes and provide an alternative supply route should a gas crisis such as the one in January arise, Dimitrov stated, adding that the agreement would further include guarantees from Russia and clear text about the responsibility for compensations in case the supplies are halted.
The current contract with "Gazprom" expires at the end of 2010.
Dimitrov pointed out that Bulgaria's requests were going to be discussed during the official visit of Bulgaria's Prime Minister, Sergey Stanishev, to Moscow next week.
Stanislav Tsigankov, official "Gazprom" representative at the business forum, stated that his company had no intentions of signing a new contract with "Bulgargaz" because the current one had not yet expired.
The CEO of "Bulgargaz", Dimitar Gogov, on his part, said he did not care about Tsigankov's comments since "Bulgargaz" had already notified "Gazprom" about their request for new contract.
Tsigankov pointed out that during the upcoming visit of Bulgaria's PM to Moscow, "Gazprom" was only prepared to sign the "South Stream" project agreement.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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"
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
Bulgargaz, the national gas company, projects a notable reduction in natural gas prices by nearly 6% for February
"Bulgargaz" anticipates a notable reduction in natural gas prices by approximately 11% starting in January
The European Commission has given its nod to a EUR 120 million aid package for Bulgargaz Ltd., Bulgaria's state gas supplier, in response to the repercussions of Russia's invasion of Ukraine
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
