Bulgarian PM Participated in the 7th Global Baku Forum in Azerbaijan
Prime Minister Boyko Borissov participated in the opening ceremony of the Seventh Global Baku Forum in Azerbaijan, organized by the NGO Nizami Gendzhi International Center.
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The ironclad guarantees demanded by Russian President Vladimir Putin from the EU for the delivery of Russian gas along the bottom of the Black Sea for the Balkan gas hub will not be given soon.
These will depend on the pre-project survey of the regional gas distribution centre near Varna. This is the opinion of the Spokesperson for Specific Energy Union Projects of the European Commission Jakub Adamowicz. He commented on Wednesday that the links between the gas network of Bulgaria and that of Europe and the modernised infrastructure are more important than single projects for the construction of pipelines.
Brussels is ready to finance in half the pre-project survey for the Balkan gas hub, which is expected to be announced at the beginning of next year. Before that, however, an analysis must be prepared of possible sources and routes for the delivery of gas to this centre, its liquidity and profitability. A public procurement order has been announced for the preparation of the document and offers may be submitted as of October 5, 2016. It is on the basis of this public procurement order that the EC expects Bulgartransgaz to request co-financing for the pre-project survey for the hub.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began