Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
The company will replace a 2.2-kilometer cable that supplies 96,000 households and business customers in 14 metropolitan districts. The project is part of CEZ Distribution Bulgaria’s strategy to replace high voltage equipment and increase the security of the Bulgarian capital’s power supply.
The works are expected to wrap up by mid-September.
In June, Czech energy company CEZ Group signed a contract with holding company Eurohold Bulgaria for the sale of its assets in Bulgaria. Eurohold will pay EUR 335 million for CEZ’s Bulgarian assets, the two companies said.
The contract on the sale of CEZ’s assets in Bulgaria to Eurohold is subject to regulatory approvals of the Bulgarian Commission for the Protection of Competition (KZK) and the Bulgarian Energy and Water Regulatory Commission (KEVR).
CEZ’s previous attempt to sell its Bulgarian assets to Inercom Bulgaria did not receive regulatory approval.
In Bulgaria, the CEZ group distributes and sells electricity in the western part of the country and generates electricity, mostly in a coal-fired power plant, according to its website.
CEZ’s assets in Bulgaria, subject to the sale, comprise power utility CEZ Distribution Bulgaria, power supplier CEZ Electro Bulgaria, licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group and CEZ Bulgaria.
CEZ also plans to exit Romania and its assets there have attracted the interest of Romania’s state-owned power distribution and supply company Electrica, the Romanian company’s CEO Georgeta Corina Popescu has said.
In Romania, the Czech company is involved in the generation of electricity from renewable energy sources, as well as in electricity distribution and sales./ Balkangreenenergynews.com
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022