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Recent Eurostat data unveils a concerning trend in the European Union's energy landscape, highlighting an increase in fossil fuel dependence from 69.9% in 2021 to 70.9% in 2022. Notably, Bulgaria sees a 2.8 percentage point rise, contributing to this shift.
In 2022, Malta maintains the highest share of fossil fuels in gross available energy at 96.1%, followed by Cyprus (89.3%) and the Netherlands (87.6%). Conversely, Sweden (30.4%) and Finland (38.3%) stand out with shares below 50%. Latvia, Slovakia, and Hungary witness the most significant decreases, while Estonia, France, and Bulgaria record notable increases.
This shift is accentuated by a decline in nuclear power generation across 13 EU countries, including Bulgaria, marking the lowest level since 1990. While renewables show promise, they fail to offset the nuclear decline. Factors like the Russian invasion of Ukraine and energy commodity price spikes in 2022 further complicate the EU's energy landscape.
France, the largest nuclear power producer, experiences a decrease due to maintenance, impacting overall EU nuclear power generation. Despite this, the EU has seen a considerable reduction in the overall share of fossil fuels in its energy supply since 1990, primarily driven by the rise in renewable energy sources.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
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