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
EU energy chief Maros Sefcovic has said that energy cooperation between the EU and Russia would be discussed at a meeting of EU foreign ministers on January 19.
Speaking after a Wednesday meeting with Russian Energy Minister Alexander Novak in Moscow, Sefcovic made clear that the EU was willing to consider the offer of Gazprom CEO Alexei Miller of 50-60 bcm of Russian gas in Turkey.
Novak, as cited by TASS, made clear that the agenda of Wednesday’s meeting with Sefcovic had included topics such as the Turkish Stream gas pipeline project and issues related to the natural gas and power engineering industry.
The European Union's Energy Commissioner insisted that the decision to transfer the sale of Russian gas from Ukraine to Turkey harmed the image of Gazprom.
Earlier the same day, Gazprom CEO Alexei Miller declared that the South Stream gas pipeline project had been closed and the focus had shifted to the Turkish Stream project.
Miller called on EU countries to create the necessary infrastructure for the supply of Russian gas from the Turkish-Greek border where the new gas hub would be built.
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up
Greek media and energy sector figures have raised sharp criticism over the way the Greece-Bulgaria gas interconnector (IGB) is being operated, claiming it harms Greece’s national interests
Bulgaria’s Minister of Energy, Zhecho Stankov, has assured that the adoption of the euro will not lead to an increase in electricity prices
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