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
Bulgaria may have to bid its dreams about the South stream pipeline goodbye. This is almost certain after Gazprom received permission from Turkey for the construction of the Turkish Stream pipeline today.
Despite assertions that the two pipelines are not in direct competition and may be constructed independently, in reality, by building Turkish stream, Gazprom does not need the pipeline through Bulgaria in order to bypass Ukraine and deliver gas to Europe.
Earlier, Russian Energy Minister, Alexander Novak, stated that an inter-governmental agreement is expected to be signed in October, 2016 for the implementation of the project. Construction works may begin at the same time after all licenses for construction in Turkish territorial waters have been received.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
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
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink