Bulgaria Sets November Gas Price at 33.65 EUR/MWh, Ensuring Winter Stability
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price for November at 65.82 BGN per megawatt-hour (MWh)
Gazprom and Montenegro have launched feasibility studies for the South Stream gas pipeline project. Photo by BGNES
Montenegro will be connected to the South Stream gas pipeline, Russian energy giant Gazprom said on Friday.
"The parties have discussed technical opportunities to join Montenegro to the South Stream project, after the country showed it was interested at the end of last year. We have decided to work out a feasibility study to build a gas pipeline bend to Montenegro," Gazprom said in a statement, as cited by RIA Novosti.
Montenegro expressed interest in the project in October 2011 without giving details about its participation.
The South Stream pipeline is to carry up to 63 billion cubic meters of gas to central and southern Europe.
The project aims to diversify supply routes for Russian gas by circumventing transit countries such as Ukraine.
Shareholders in the project are Gazprom (50%), Eni (Italy, 20%), Wintershall (Germany, 15%) and EdF (France, 15%).
Russia has signed agreements for the construction of the gas conduit with Bulgaria, Hungary, Greece, Slovenia, Croatia and Austria.
Construction works have been scheduled to start in December 2012, and not 2013 as previously planned.
The South Stream gas pipeline is to be launched in December 2015 and is expected to reach full capacity in 2018.
The total cost of the project is currently estimated at around EUR 15.5 B.
A Hong Kong court on Monday sentenced pro-democracy media tycoon Jimmy Lai to 20 years in prison over national security offences, a move rights groups condemned as “effectively a death sentence” and emblematic of the city’s shrinking press freedoms.
Keir Starmer is facing a critical moment in his leadership as he seeks to reassert authority over the Labour Party following the resignation of his closest political adviser, Morgan McSweeney.
Sinisa Karan has been confirmed as the new president of Republika Srpska following a repeat early election held to replace the banned Bosnian Serb leader Milorad Dodik, according to final results.
WHO launched its Humanitarian Appeal for Ukraine 2026, requesting USD 42 million to protect access to health care for 700,000 people.
At least 31 people have died and 169 were injured in a suicide attack on a Shi’ite mosque in Islamabad, Pakistan, authorities confirmed.
In a shocking incident in Moscow, Lieutenant General Vladimir Alexeyev, First Deputy Head of Russia's Main Intelligence Directorate (GRU), was reportedly shot multiple times by an unknown attacker
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