Day 731 of the invasion of Ukraine. Summary of key events in the last 24 hours
Greece Ready to Renegotiate Terms of BA Pipeline to See it Built
Greece is ready to renegotiate the terms for the implementation of the Burgas-Alexandroupolis project in order to see the oil pipeline completed, according to Greek Minister of Environment, Energy and Climate Change George Papakonstantinou.
Last week, Bulgaria's government decided to quit the Bulgarian-Greek-Russian project for the construction of the oil pipeline on the grounds that it is financially and economically unsound and could not be executedunder the terms of the 2007 agreement.
In an interview for online news portal GR Reporter, Papakonstantinou noted that the project was one of crucial importance for Greece and the country was willing to implement it.
"We are very sorry for the concrete current stance of the Bulgarian government and we would like to see the existing problems solved. We are ready to reopen talks with the two other interested parties so that we can find an opportunity to implement the project in some other format," the Greek minister said.
Bulgaria's Finance Minister Simeon Djankov said last week that the country would seek a termination of the trilateral intergovernmental agreement by mutual consent and if the request was rejected, it would pull out of the oil pipeline project in 12 months, as one of the clauses of the contract stipulates.
Upon receiving official notice of Bulgaria's stance, Russia voiced hopes that the views of all interested parties would be taken into consideration when the final decision is made.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
Amidst concerns surrounding energy security and the transition away from Russian nuclear fuel, the executive director of Bulgaria's Kozloduy Nuclear Power Plant (NPP), Valentin Nikolov, has reassured the public that there is no risk of operational disrupt
Amid the implementation of measures under the European Union's Green Deal, 64% of Bulgarians have identified the escalating electricity prices as their top concern
Bulgaria's Finance Minister, Asen Vassilev, engaged in discussions with Scott Nathan, the executive director of the U.S. Development Finance Corporation (DFC), during his visit to Washington
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant
Bulgarian Ministers Rumen Radev of Energy and Assen Vassilev of Finance recently engaged in high-level talks with US Secretary of Energy Jennifer Granholm in Washington, D.C., focusing on critical energy issues