US Grants Crucial Waiver Allowing Lukoil Operations in Bulgaria
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
Bulgarian Prime Minister Boyko Borissov on Thursday expected the progress of construction of the Gas Interconnector Greece-Bulgaria. "This is a geostrategic project for both Bulgaria and the entire region," the PM said, quoted by the Government Information Service. He admitted that the pandemic had slowed it down a bit but, "as agreed with our Greek partners, it must be put into commercial operation this year".
Energy Minister Temenouzhka Petkova said that the pipe manufacture and delivery contract has been performed. So far,
187 km of pipes have been delivered in both countries, the topsoil has been stripped off on over 170 km of the pipeline
route in Bulgaria, more than 128 km of the pipes delivered are on site, and over 101 km have been welded. Work continues on
digging the trench, laying the pipes and backfilling.
The gas pipeline is 182 km long, of which 151 km in Bulgaria and 31 km in Greece, with a design capacity of up to 3 billion cu
m/year, which may be increased to 5 billion cu m/year if there is market demand. It runs from Komotini (Northeastern Greece)
via Kurdjali, Haskovo and Dimitrovgrad to Stara Zagora (Southeastern Bulgaria).
National Assembly Chair Tsveta Karayancheva and Economy Minister Lachezar Borisov were also present at the inspection./BTA
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
Britain has introduced a temporary exemption that permits continued business with two Bulgarian subsidiaries of the sanctioned Russian oil group Lukoil
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
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
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