Bulgaria Sets November Gas Price at 33.65 EUR/MWh, Ensuring Winter Stability
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price for November at 65.82 BGN per megawatt-hour (MWh)
Turkish Ambassador to Bulgaria Ismail Aramaz has said that the technical report on the gas grid interconnection is due in May. Photo by BGNES
A pipeline carrying Azeri gas to Turkey is expected to reach Bulgaria's Kapitan Andreevo, according to Turkish Ambassador to Bulgaria Ismail Aramaz.
In a Tuesday statement in the northeastern city of Ruse, he explained that the pipeline would allow reverse flow, as Bulgaria had requested.
During his visit to Ruse, the Turkish Ambassador met with District Governor Stefko Burdzhiev and Mayor Plamen Stoilov.
Aramaz confirmed that the technical studies for the Bulgaria-Turkey gas grid interconnection were underway, with the report on the technical progress due in May.
He told journalists that the pipeline could also carry Turkmen gas and fuel from northern Iraq.
Turkey's Ambassador to Bulgaria rejected allegations that the fuel would be more expensive, saying that the additional link actually increased alternatives.
The contract for the Bulgaria-turkey gas grid interconnection was negotiated during Prime Minister Borisov's visit to Turkey two weeks ago.
Asked to specify a deadline for the completion of the project, Aramaz replied that "Turkey and Bulgaria are neighbors and good friends. The Prime Ministers of the two countries called for swift progress on the matter and, given their political will, I believe that the implementation of the gas grid interconnection project will not be delayed."
During Monday's visit to Georgia, Prime Minister Borisov negotiated the transportation of liquefied natural gas (LNG) through the port of Poti to the Bulgarian Black Sea city of Varna by sea.
He vowed that the move would lead to an actual gas supply diversification.
In a Tuesday TV interview, former Energy Minister Traicho Traikov explained that the issue involved compressed natural gas (CNG) rather than LNG because it was the more profitable option for small quantities.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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