Bulgartransgaz Under European Scrutiny for Controversial Gas Agreement
This morning, the European Prosecutor's Office gained access to the gas operator "Bulgartransgaz" with the assistance of local police
Romania and Bulgaria are looking for new builders of the 26 kilometer Giurgiu-Ruse gas pipeline.
Earlier the state owned gas companies of the two countries, Romania’s Transgaz and Bulgaria’s Bulgartransgaz, terminated the contract with the companies that were supposed to drill under the Danube River, according to reports of the Bulgarian National Radio and Romanian daily newspaper Gandul.
The contract was terminated due to a substantial delay in the construction works under the Danube River due to “technical problems.”
The public procurement procedure for the pipeline section scheduled to go under the Danube River will be renewed jointly by the two gas companies.
The European Commission has been asked to grant a last extension of the deadline for the period of eligibility of the costs by end-2016.
The total value of the project, which was launched in 2011, is EUR 24 M, of which EUR 8.9 M is to be provided by the EC.
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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