Gazprom's First Annual Loss in Decades Leads to Sale of Holiday Properties
Gazprom, Russia’s state-owned energy giant, has announced plans to sell several of its holiday resorts following its first annual loss in nearly 50 years
The European Commission has postponed the decision on increasing Gazprom's access to the OPAL gas pipeline, which can be fed by the Nord Stream gas pipeline.
The press secretary of EU Energy Commissioner G?nther Oettinger, as cited by ITAR-TASS, explained that additional technical clarificationswere necessary, adding that the EC reaffirmed its commitment to a swift clarification of the remaining issues.
The EC had pledged earlier to wrap up discussions on the OPAL matter by March 10, according to reports of ITAR-TASS, as cited by money.bg.
Under the EU's Third Energy Package, Gazprom is under obligation to provide up to 50% of OPAL's capacity to independent suppliers.
However, the only supplier of the gas pipeline with an annual capacity of 36 billion cubic meters is the Nord Stream gas pipeline.
In order to avoid huge financial losses, Russia and Germany have asked the EC to grant the OPAL gas pipeline an exemption from Third Energy Package rules.
Nord Stream is held by Gazprom (51%), German companies Wintershall and E.ON Ruhgas (15.5% each) and Dutch Gasunie and French GDF SUEZ with 9% each.
Recent satellite imagery reveals that Russian naval vessels have temporarily departed from the Tartous naval base in Syria
The Bulgarian economy is expected to gain significantly from the country’s admission to the Schengen area, with annual economic benefits estimated at 500 million leva
Ukrainian authorities have outlined a realistic timeline for holding elections following the lifting of martial law and necessary legislative changes
Interior Minister Atanas Ilkov expressed immense pride and emotion as Bulgaria was officially accepted as a full member of the Schengen Area, with land border controls set to be abolished starting January 1, 2025
Bulgaria and Romania will officially become full members of the Schengen area starting on January 1, 2025
President-elect Donald Trump has reportedly invited Chinese President Xi Jinping
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
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