TurkStream Excluded from EU Ban Proposal on Russian Gas Imports
The TurkStream gas pipeline, which transits through Bulgaria on its way to the Western Balkans and Central Europ
pixabay.com
Today it will become clear which are candidates submitted bids for the construction of a gas pipeline between the Bulgarian-Turkish and the Bulgarian-Serbian border.
The auction is for BGN 2.8 billion and was announced by the state-owned company Bulgartransgaz on 21 December. It is about building the pipeline for Russian gas to be delivered to Europe via Turkey via the Turkish Stream pipeline.
Initially, the company Atom Energy Repair of businessman Hristo Kovachki challenged the procedure, but then withdrew its appeal.
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
Bulgaria currently has gasoline reserves sufficient for around 35 days and diesel for over 50 days, according to Assen Assenov, chairman of the State Agency “State Reserve and Wartime Stocks”
Fuel prices in Bulgaria have been gradually rising over the past three weeks
Bulgaria cannot legally impose a ban on fuel exports, according to Nikola Yankov, former Deputy Minister of Economy and former Bulgarian representative for Lukoil
The Bulgarian government has tightened security measures around Lukoil’s strategic facilities across the country
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