European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The EU's dependence on gas imports will increase to 83% in 2040 compared to the current 70%. This was stated by EU Commissioner for Energy and Climate Miguel Arias Cañete in the European Parliament's plenary session in Strasbourg on Thursday.
"Gas remains a significant source of energy for the EU, Europe is increasingly dependent on gas imports, and the EU is now importing 70 percent of its gas," said Miguel Arias Cañete, quoted by TASS. The EU commissioner noted that gas production in Europe is declining. Our dependence on gas imports, as expected, will continue to grow and will reach more than 83% by 2040, said Cañete.
The Commissioner stressed the importance of the "southern route" of gas supplies to Europe as it provides for diversification of sources. Miguel Arias Cañete also added that gas supplies along the southern corridor would allow a dialogue on human rights with Azerbaijan and Turkey at the same time.
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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