Ukraine and European Leaders Demand 30-Day Ceasefire as Russia Resists
Ukraine, backed by its European allies, is pressing Russia to agree to an unconditional 30-day ceasefire set to commence on May 12
Bulgarian President (2002-2012) and ABV leader Georgi Parvanov has proposed that the South Stream pipeline undergo a second change in route to use the one planned for the Nabucco pipeline.
Parvanov's comments follow last week's decision of Russia to renounce South Stream and to launch an "alternative" version going to Turkey instead.
The head of Alternative for Bulgarian Revival (ABV) believes the idea could also pave the way for TAP, the Trans-Adriatic Pipeline, which is envisaged to carry Caspian-Sea gas to Italy via Turkey, Greece and Albania.
Parvanov told the Bulgarian National Radio that Sofia could put the proposal forward during Tuesday's Council of the EU dedicated to the fate of South Stream, with Brussels so far failing to have an official position on the move by Russia.
Parvanov was one of the architects and the staunchest supporters of the "Grand Helm" project including three energy infrastructure facilities which in his words would have safeguarded Bulgaria's energy security and turn the country into an unavoidable energy hub. The construction of Burgas Alexandroupoli oil pipeline, the Belene NPP and the South Stream gas pipeline were all blueprinted as dominated by Moscow.
"South Stream will start from Turkey, but the question is what happens next. Bulgaria has to have a clear vision if it will continue to be a factor with regard to gas diversification in Europe," the website OffNews quoted him as saying.
Parvanov believes the project could include countries which were partners to South Stream, namely Hungary and Austria. At the same time part the project excluded Serbia, which counted on having South Stream built on its soil.
Elliott Investment Management, led by billionaire Paul Singer, is exploring the possibility of acquiring a stake in a set of Bulgarian infrastructure assets, which includes a key extension of the TurkStream gas pipeline
The liberalization of the electricity market for households — meaning that residential consumers would join the free electricity exchange where businesses have traded for years — is being postponed.
Turkey is advancing its energy strategy in the Balkans with new agreements aimed at deepening its influence in the region
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price in Bulgaria for May
Bulgaria is set to become the first European country to operate an AP1000 reactor, according to Energy Minister Zhecho Stankov, speaking at a symposium hosted by Westinghouse in Sofia
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
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