Bulgaria Weekend Outlook: Chilly Temperatures and Rain Showers Expected
On November 9-10, temperatures in Bulgaria will range from -5°C to 0°C
According to the European Commission’s annual report on the Energy Union, EU gas storage facilities are now 90% full. This data, presented by European Commissioner for Energy Kadri Simson, highlights significant progress in energy security across the Union.
The report also reveals that Bulgaria is among the EU countries with a high percentage of residents struggling with energy poverty. In 2023, 20.7% of Bulgarians were unable to maintain adequate heating in their homes, with Spain and Portugal showing slightly worse figures. Additionally, 17.8% of Bulgarians faced challenges in paying for utility services during the same period.
In terms of energy mix, Bulgaria relied heavily on fossil fuels, which constituted 65.4% of its energy consumption in 2022, compared to the EU average of 69%. Nuclear energy contributed 20.9%, and renewable energy sources made up 13.8% of the energy mix. Specifically, the electricity mix in Bulgaria was dominated by fossil fuels at 48.2% and nuclear energy at 43.2%, while renewables accounted for 19.1%. This contrasts with the EU average of 39.4% for renewables.
Bulgaria's single underground gas storage facility had a capacity of 0.55 billion cubic meters, covering 20% of the country’s gas consumption in 2022. By mid-August this year, the facility was 83.83% full. The report also notes that Bulgaria's fossil fuel diversification efforts are progressing well.
On a broader scale, the EU has reduced its reliance on Russian gas, which accounted for 45% of imports in 2021 but fell to 18% by June 2024. Imports from reliable partners like Norway and the US have increased. From August 2022 to May 2024, the EU reduced its gas demand by 138 billion cubic meters. As a result, energy prices have stabilized and are now well below the peak levels experienced during the 2022 energy crisis.
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
An engineering contract for the construction of new nuclear facilities at Site No. 2 of the Kozloduy Nuclear Power Plant is set to be signed today with Hyundai and Westinghouse
Bulgaria’s Energy and Water Regulatory Commission (EWRC) has set the November price of natural gas at 68.69 leva per megawatt-hour
In the first half of 2024, household electricity and natural gas prices in Bulgaria ranked among the lowest in the European Union,
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023