Bulgaria Links Defense Modernization with Economic Stimulus
Bulgaria is moving forward with plans to modernize its armed forces
Bulgaria will Conclude a Memorandum with Greece to Guarantee the Security of Supplies and Storage of Gas
- Tweet
Send to Kindle
@Pixabay
One or more Greek suppliers of the Greek national natural gas transmission system to register as users of the Bulgarian transmission system, and one or more Bulgarian suppliers to reserve slots and storage capacity, as well as regasification capacity in Greece - this is provided by a memorandum of understanding between the energy ministries of the two countries, approved by the caretaker government.
The measures are in compliance with a European regulation to guarantee the security of natural gas supplies.
According to the regulation, any country that does not have underground gas storage facilities on its territory must maintain strategic reserves equal to 15% of its annual consumption in another EU country.
With the memorandum, Greek operators will be able to reserve injection and extraction capacities in Bulgaria’s gas storage facility in Chiren, and Bulgarian operators - will be able to use liquefied natural gas for direct supply to end users on the territory of Bulgaria.
The memorandum will be concluded for 12 months.
Bulgaria and Greece to cooperate in the study of the possibilities for the implementation of a project for the construction of an oil pipeline "Alexandroupolis-Burgas". This foresees a second memorandum of understanding between the two parties, voted today by the caretaker cabinet.
The two countries will explore the possibilities of implementing the infrastructure project for the transfer of crude oil from non-Russian sources from the port of Alexandroupolis in Greece to the Burgas region in Bulgaria. It is planned to create a special working group that will carry out the necessary additional studies, explore the possibilities of structuring a project for the construction of the oil pipeline and analyze the options for its financing. The capacity of the proposed pipeline is expected to provide at least a complete replacement of Russian crude oil in Bulgaria by sea from alternative sources.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BNT
Related Articles:
Bulgarian Economist: The Euro Brings Opportunities, Not Guarantees
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan Interest Rates to Stay Stable as Bulgaria Transitions to the Euro, Says Expert
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
Mild Temperatures, Patchy Rain: What to Expect from Bulgaria’s Weather on Thursday
Thursday’s forecast calls for alternating cloudiness across the country
Bulgaria Launches Official Online Calculator for Euro Conversion
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
Bulgaria: Sarafov to Remain Acting Prosecutor General Despite Legal Time Limit
Borislav Sarafov will continue to serve as acting Prosecutor General beyond July 21, despite the expiration of the six-month legal term for temporary appointments to the top posts in the judiciary
Politics | July 9, 2025, Wednesday // 16:03
Bulgaria Investigates Botas Gas Deal: Former Minister’s Home Searched
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
EU Green Push Could Drive Up Fuel Prices by 50 Stotinki per Liter, Industry Warns
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
It’s Official: Power and Heating Prices Go Up in Bulgaria - But Not As Much As Planned
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
Bulgargaz Proposes July Gas Price of BGN 64.55/MWh
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers
Electricity Price Hike in July Expected to Push Inflation in Bulgaria
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria
Historic First: Solar Power Surpasses Bulgaria’s Electricity Demand
For the first time in Bulgaria’s history, solar energy production surpassed national electricity consumption during a specific time window
