European Gas Prices Rise Amid Middle East Conflict Concerns
Natural gas prices in Europe increased by 2% during early trading on Monday, as ongoing conflict in the Middle East injected fresh volatility into the market
US energy giant General Electric has expressed interest in building new powers at Bulgaria's Martisa Iztok TPS, and in contributing to the construction of the South Stream natural gas pipeline, revealed Bulgarian Economy and Energy Minister Dragomir Stoynev.
Speaking in an interview for the Bulgarian National Radio Sunday, Stoynev said that he discussed those matters with GE representatives during his recent visit to the us.
"General Electric offered to build units 9 and 10 of Maritsa Iztok 2, which will be an important development in the-consuming part of Bulgaria's energy sector," said he minister.
Located near the city of Stara Zagora in southern Bulgaria, the state-owned Maritsa Iztok 2 TPP is the largest on the Balkans.
According to Stoynev, GE has also expressed interest in delivering compressors for the construction of the South Stream pipeline, which will deliver Russian natural gas via Bulgaria and Serbia on to Central Europe.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
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