Bulgarian Parliament Votes to Exempt Bulgartransgaz from Gazprom Fees
The National Assembly has enacted changes exempting "Bulgartransgaz" from collecting a new fee imposed on "Gazprom" for gas transit through the Turkish Stream pipeline
Russian Energy Minister Alexander Novak has said construction of the so-called Turkish Stream gas pipeline might begin later than planned.
There is a risk not to start building the pipeline's first section on schedule the intergovernmental agreement is not signed in time, Novak is quoted by RIA Novosti as saying.
Gazprom CEO Alexey Miller had earlier explained that part of Turkish stream might become operational by December 2016, and his deputy Alexander Medvedev had added in April that the fourth (and last) section of the pipeline will be up and running by 2020.
This comes just a day after reports from Energy Ministry sources who say Moscow had sent to Ankara a document offering only an agreement on the first line of Turkish Stream. Apparently Novak did not comment on the claims.
Construction of Turkish Stream from the Russian side was officially announced in May, this being the first time Gazprom is embarking on implementing such a project without an intergovernmental agreement and other documents needed. Technically building the pipeline could begin either in June or July, Novak had pointed out last month.
Turkish Stream was announced last year as a substitute to South Stream, a project which was designed to carry gas to Europe via Bulgaria and other Eastern European states but which was ditched by Russia over Sofia's reluctance to issue construction permits.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022