Borissov-Linked Company Seeks to Acquire Gazprom Stations in Bulgaria?
According to the opposition political party "Revival", Gazprom is in the process of selling its network of gas stations in Bulgaria
Photo by EPA/BGNES
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.
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
Bulgaria currently has sufficient reserves of motor fuels and raw materials to cover normal domestic consumption for more than three months, Deputy Finance Minister Stanimir Mihaylov told lawmakers during an extraordinary sitting of the National Assembly
Energy expert Nikolay Kacharov, speaking to Bulgarian National Radio, highlighted that Bulgaria’s energy costs have risen significantly due to contractual obligations, even before considering increased gas prices caused by the conflict in the Middle East
Energy Minister Traycho Traykov has held talks with representatives of the Bulgarian Oil and Gas Association to discuss developments on international energy markets and their impact on fuel prices in Bulgaria
Fuel costs in Bulgaria have jumped sharply over the past week, rising between 6 and 9 percent, according to data from the platform Fuelo.
Global oil markets opened the week with an abrupt surge in prices, pushing crude benchmarks above the symbolic USD 100 per barrel mark for the first time since the early stages of the war in Ukraine in 2022
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace