Espionage Trial Reveals Bulgarian Spy’s Plans to Sell US Drones to China
Orlin Rusev, the leader of a Bulgarian espionage cell in the UK, discussed selling captured US-made drones to China
Bulgarian vice-PM and Minister of Finance Simeon Djankov and Minister of Economy and Energy Traicho Traikov discussed joint energy projects with Russia with Russian Energy Minister Sergei Shmatko Tuesday.
Djankov, Traikov and Bulgarian Minister of Transport Ivaylo Moskovski are on a 3-day visit to the Russian capital Monday-Wednesday, right after the Sunday visit of US Secretary of State Hillary Clinton to Bulgaria.
Shmatko, together with Djankov and Traikov discussed the extension of units 5 and 6 of the Bulgarian Kozloduy NPP, the project for a second Belene NPP, as well as developments on the South Stream natural gas pipeline.
The Russian Minister of Energy has stated the full commitment of his country to building South Stream, irrespective of Russia's relations with the Ukraine.
The Sofia visit of US Secretary of State Hillary Clinton included an important energy component, with Clinton saying she will send US Eurasian Energy Envoy Richard Morningstar to Sofia over the week.
Clinton called for energy diversification in Bulgaria, which media interpreted as implying a freeing from Russian dependency.
More than 90% of Bulgaria's natural gas consumption is provided by Gazprom, and the country relies on Russia for nuclear energy supplies too.
US company Chevron has expressed strong interests in drilling for shale gas in Bulgaria, but in mid-January the Bulgarian Parliament imposed a moratorum on the technique over environmental concerns.
Another American comany, Westinghouse, has expressed interest in constructing additional units at the Kozloduy NPP.
Over the week, Gazprom CEO Alexei Miller is also expected to pay a visit to Bulgaria.
Bulgaria may halt the transit of Russian gas to Serbia via the TurkStream pipeline starting in the new year if Gazprom fails to ensure payment compliance with U.S. sanctions against Gazprombank
Oil prices increased in early Asian trading this morning after the fall of Syrian President Bashar al-Assad introduced greater uncertainty in the Middle East.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
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