EU Countries Join Forces to Strengthen Border Security at Bulgarian-Turkish Border
A joint contingent of border security officers from Bulgaria, Austria, Romania, and Hungary will officially begin operations today
Fifty-five percent of The Trans-Anatolian Pipeline (TANAP) will have been constructed by the end of the year, Turkey's Energy Minister Berat Albayrak
Daily Sabah quotes him as saying that Turkey is successfully moving toward the creation of an energy hub and successfully pursuing a policy of energy diversification.
"We aim to establish a natural gas trading center in Turkey. In line with this aim, projects like TANAP and the TurkStream [natural gas pipelines] will contribute to this objective. We have also accelerated work toward launching the Liquefied Natural Gas (LNG) storage and Floating Storage Regasification (FSRU) units that will be established in Turkey for the first time," he has said.
TurkStream, also known as Turkish Stream, is a gas pipeline project which was announced as a substitute to the ditched South Stream, which would have supplied Europe with Russian gas via Bulgaria, Serbia and Hungary.
TANAP's initial projected capacity will be 16 billion cubic meters of natural gas a year. Nearly 6 billion of it will fulfill the needs of Turkey's domestic energy market, while the rest will supply Europe.
The latter task also depends on the construction of the Trans-Adriatic Pipeline and the Ionian-Adriatic Pipeline in Southeast Europe.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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