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
Austrian oil and gas company OMV has said it continues consultations with Russian energy giant Gazprom on the South Stream gas pipeline project.
According to a media statement of the company, as cited by TASS, talks between OMV and Gazprom are ongoing.
Sapiem had been contracted to carry out a major part of the South Stream pipeline work in the Black Sea.
Earlier, OMV CEO Gerhard Roiss said Gazprom had not consulted OMV before announcing the suspension of the gas pipeline project.
Roiss also made clear that he expected talks between OMV and Gazprom on the South Stream.
Russian President Vladimir Putin declared in Ankara on December 1 that Russia was dropping the South Stream gas pipeline project.
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria
For the first time in Bulgaria’s history, solar energy production surpassed national electricity consumption during a specific time window
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe