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
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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.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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