How Far Will Bulgaria Go to Support Ukraine in its Draft Latest Agreement?
A draft agreement between Bulgaria and Ukraine outlines several commitments between the two nations
Bulgaria PM Sergey Stanishev signed an agreement Monday along with four other countries to construct the Nabucco natural gas pipeline.
Turkey, Romania, Hungary and Austria also signed the agreement at a meeting in Ankara.
Turkey's Prime Minister Recep Tayyip Erdogan said deal was an "historic moment", cited by the BBC.
Once completed, the Nabucco pipeline line will bring up to 31 billion cubic metres of gas a year from the Caspian and the Middle East across Turkey and into Europe. The preliminary completion date is 2014.
It will give an alternative energy supply to Russia, which already meets 30% of Europe's gas needs.
But much still remains to be agreed on, not least where the gas will come from.
The five countries, Turkey, Romania, Bulgaria, Hungary and Austria, have been working on the Nabucco project with the European Commission for seven years now.
Following the signing, Erdogan said that the legal framework for the construction of the pipeline would now be agreed within six months.
"The more steps we take [on realising the project], the more the interest of supplier countries will grow," he said.
Azerbaijan will be the main source of Nabucco's gas when the pipeline is opened, due by 2014.
However, two weeks ago, the country agreed to sell some of its gas to Russia, a move many understood as a warning to the Nabucco partners to sort out their differences or look elsewhere.
Iran, Iraq, Kazakhstan, Turkmenistan and Egypt are all considered potential suppliers to Nabucco in the longer term.
Meanwhile, Russia is planning two of its own new gas pipelines to Europe, the Nord Stream, which will run direct from Russia to Germany under the Baltic Sea, and the South Stream, which will run from southern Russia under the Black Sea to Bulgaria.
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
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As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
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
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria
For the first time in Bulgaria’s history, solar energy production surpassed national electricity consumption during a specific time window
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