Slovakia Resumes Russian Gas Imports via TurkStream
On February 1, Slovakia resumed importing Russian gas via the TurkStream pipeline
Bulgaria’s Energy Minister Temenuzhka Petkova and Slovakia’s Economy Minister Vazil Hudak confirmed the political support of the two countries for the Eastring gas pipeline project and discussed the next steps towards its implementation.
During a meeting with Hudak on Wednesday, Petkova explained that the Bulgarian government gave priority treatment to guaranteeing energy security and achieving gas supply diversification, according to the press office of Bulgaria’s Energy Ministry.
She claimed that the inclusion of the project in the 10-year network development plan of the European Network of Transmission System Operators for Gas (ENTSOG) testified to its importance.
Hudak noted that apart from diversification, Eastring also provided an opportunity for Bulgaria to make profits from gas transit fees.
The two ministers agreed that it was necessary to create a working group tasked with sorting out the technical detail related to the implementation of the gas pipeline project.
The first meeting of this working group is expected to take place in September in Bratislava.
Eastring participating countries are to sign a Memorandum of Understanding to solidify the support for the project on a political level.
Eastring is a project aimed at connecting the existing gas infrastructure of Slovakia, Hungary, Romania, and Bulgaria.
The four countries involved in Eastring signed a joint declaration on the implementation of the gas pipeline project in Riga on May 21, 2015.
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
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