The Resurgence of Natural Gas: A Clean and Affordable Energy Solution
The concluded winter presented unusually elevated temperatures and a 'milder' heating season for thousands of Bulgarians
Gas supplies from Russia to Italy, which broke off on Tuesday because of the accident at the Baumgarten Austrian gas distribution center, were resumed last night, Reuters reported.
From 8pm Greenwich time, Italy again received Russian gas, the operator of the Italian gas transmission network Snam said. Italy has announced a state of emergency yesterday because of stopping supplies, although it stressed that it is not threatened by an immediate energy crisis as there are enough gas reserves. Earlier today, it was reported that transit supplies through the gas hub were resumed and the gas transmission lines were operating at full capacity.
Baumgartan passes 40 billion cubic meters of gas annually, which is about 10 percent of Europe's gas imports. Most of the gas is coming from Russia and Norway, which is then shipped to Germany, Italy, France, Slovenia, Croatia and Hungary, and the gas for reversal supplies to Ukraine passes through it. The Central European gas hub is among the three largest gas distribution companies in Europe and is an international trading platform for gas. In an explosion that happened due to technical reasons, one person died and 21 were injured. Following the accident, the export sub-division of Russian Gazprom began to work on alternative routes to prevent supply disruptions.
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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"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022