Bulgaria Secures €490 Million from EU SAFE Program to Boost Defense Industry
Bulgaria is set to receive €490 million through the EU’s Security Action for Europe (SAFE) instrument
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Hristo Kazadjiev predicts gas price growth in the coming months, reported NOVA TV.
"Bulgaria can import gas from the US at a bargain price and minimize transport costs for the raw material." This is the energy expert Hristo Kazandzhiev in an interview with Darik. He predicts a rise in gas prices in the coming months, DarikNews reports.
However, gas supplies from the United States can not be implemented at the moment because the necessary gas transmission infrastructure is not built. Hristo Kazandzhiev commented on Bulgaria's intention to negotiate gas supply from the United States.
The price of gas on the international markets will slightly increase thinks Hristo Kazandzhiev. He believes that the state-owned Bulgargaz will take measures to keep the price of the fuel up to the beginning of the autumn
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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