Gazprom Faces $13.1 Billion Loss Amid EU Energy Exports Decline
Russian energy giant Gazprom has faced a significant financial blow in 2024, recording net losses of 1.076 trillion rubles
Bulgaria and Russia signed Thursday a new 10-year gas supply contract stipulating a 20% discount and excluding intermediaries.
Under the contract, starting January 2013 Bulgaria will receive gas supplies directly from Gazprom Export.
The signing of the contract was attended by Prime Minister Boyko Borisov and Gazprom CEO Alexei Miller.
The new contract provides for a 20% smaller price compared to the tariff set out in the expiring gas supply contract.
The expiring contract with Gazprom sets a price tag of USD 520 per 1000 cubic meters of gas.
The new contract is for 10 years and on the sixth year Bulgaria will have an opportunity to renegotiate the price and the quantity of gas supplies.
On Thursday, Bulgaria also signed the final investment decision on the construction of the South Stream gas pipeline.
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
The final shipment of Russian nuclear fuel for Bulgaria's Kozloduy Nuclear Power Plant has arrived
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase