Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
Energy Minister Temenuzhka Petkova said that Bulgaria will build "Turkish Stream".
In an interview with the Bulgarian National Radio, she explained that the procedure is in line with the European rules and that the aim is to keep Bulgaria's key position on the gas map in Europe.
''The market test was carried out and 100 percent of the input and output capacity of the pipe was committed'', the minister said. "The start of construction is directly committed to the success of the third phase of the market test'', she added,
During the term of the procedure, on 31 January 2019, it became clear that the market test was successful. As a result of the success of the market test, Bulgartransgaz took a final investment decision for the realization of this project and proceeded with the conclusion of contracts with the participants who submitted the engaging offers during the third phase of the market test. The public procurement is underway and we expect to submit an application for participation by 15 February.
At the beginning of 2020, the project must be put into operation.
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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"
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022