New Russian Missile Attacks in Ukraine
Ukraine finds itself once again under fire from Russian missiles, marking a new wave of violence in the region
There are Italian companies showing interest in the construction of both Nord Stream-2 and Turkish Stream, Russia's Deputy PM Arkadiy Dvorkovich has said.
"This is no secret, the company Saipem is taking part in the respective procedures carried out by Gazprom on Nord Stream and Turkish Stream," TASS quotes him as saying.
Turkish Stream is a gas pipeline project announced by Russian energy giant Gazprom as an alternative to South Stream (which would have supplied Central Europe with Russian gas via Bulgaria) in the winter of 2014. Construction was given the green light by Turkey in September, calling into question the chances for South Stream to be revived.
Turkish Stream was initially designed to have four threads, each with a capacity of 15.75 billion cubic meters (matching that of South Stream, which was projected at 63 bcm), but an agreement was only reached on building two of them initially.
Saipem, a subsidiary of Italian holding Eni, was also involved in South Stream, but pulled out after the demise of the project.
Nord Stream-2, for its part, is a controversial project that consists of a pipeline from Russia to Germany under the Baltic Sea and which is expected to be operational in 2019. Several EU member states have raised concerns over the project, which they do not deem compatible with the union's so-called Third Energy Package.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022