Basic Goods in Bulgaria Now Cost More Than in Germany and France
Recent data indicate that the cost of basic foods in Bulgaria has surpassed that of several Western European countries despite the country’s formal entry into the Eurozone.
Nord Stream will likely be extended to reach Britain. Map from nord-stream.com
Russian gas monopoly Gazprom has decided in principle to extend its Nord (Nord) Stream pipeline project to reach Great Britain, CEO Alexei Miller said on Friday.
"British Petroleum has shown an interest," Miller said, adding however there were no specific agreements, as cited by RIA Novosti.
Nord Stream ferries Russian gas through the Baltic Sea to Germany. The first of the project's two lines was opened in November 2012, with an annual capacity of 27.5 bcm.
Gazprom owns 51% in Nord Stream, Germany's Wintershall and E.On each have 15.5%, and the Netherland's Gasunie and France's GDF Suez each own 9% of the shares.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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