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Financier Plamen Danailov, a municipal councilor from the "There Is Such a People" party, recently discussed Bulgaria's potential adoption of the euro
Azerbaijan has resumed natural gas supplies to Bulgaria under its long-term contract with Bulgargaz, the Bulgarian company announced. The interruption began on January 7 due to technical issues, as Bulgargaz was notified the day prior about the temporary suspension of deliveries.
During the disruption, Bulgargaz ensured uninterrupted service to its customers by utilizing alternative sources. These included gas stored in the Chiren underground facility, liquefied natural gas (LNG) reserves in Turkey from previous imports, and LNG sourced through the Alexandroupolis terminal in Greece.
On January 11, the cause of the suspension was clarified as a technical problem with an underwater pipeline transporting gas from the Caspian Sea to the Sangachal terminal near Baku. This was confirmed by BP, which operates Azerbaijan's Shah Deniz gas field as part of a consortium, in a statement to local media outlet Trend.az.
Bulgargaz emphasized that the temporary suspension will not impact the proposed natural gas price for February 2025. The company has submitted a price proposal to the Energy and Water Regulatory Commission, reflecting a 2.6% increase compared to January.
Source: Bulgargaz
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
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