Bulgaria said it may halt the transit of Russian natural gas to central Europe if Gazprom PJSC doesn’t find a payment solution amid US sanctions. It’s the latest twist in a saga over the future of European energy supplies, with gas demand poised to rise over the winter months. The …
Read More »Bulgaria is Negotiating Long-Term Gas Deal with Turkey
Bulgaria’s acting energy minister arrived in Istanbul for talks that he hopes will lead to an agreement on long-term access to liquefied natural gas (LNG) terminals in Turkey and gas transit to its border. Executives of Bulgaria’s state gas company Bulgargaz and gas grid operator Bulgartransgaz are also taking part …
Read More »Attack on TurkStream Gas Pipeline will be Terrorism
Any attack on the TurkStream gas pipeline will be an act of terrorism, Hungary’s Prime Minister Viktor Orban said on Friday. Speaking to state media, Orban said Budapest will “respond accordingly” if there is any attack on the pipeline, which carries gas from Russia to Türkiye and further to European …
Read More »Bulgaria Offers Azerbaijan Electricity for Gas Deal
Bulgaria has offered to export electricity to Azerbaijan in exchange for expanding gas supplies, acting Economy Minister Nikola Stoyanov announced during his visit to Baku on Sunday (11 September). “With such a scheme – bartering gas for electricity, Bulgaria could receive quantities in the next four to five months, when …
Read More »Azerbaijan, Bulgaria Discuss Possibility of Additional Gas Supplies
Minister of Energy of Bulgaria Rosen Hristov held phone talks with his Azerbaijani counterpart Parviz Shahbazov, Trend reports via the ministry. According to the ministry, the parties discussed the timing of the start of commercial supplies of Azerbaijani gas to Bulgaria via the Interconnector Greece-Bulgaria (IGB). “Shahbazov noted that from …
Read More »Bulgaria Refuses to Buy Large Quantities of US Liquefied Gas
The Bulgarian government has decided to accept only one of the agreed seven liquefied gas supplies from the US company Cheniere, despite the price being almost €30 lower than that offered on European gas exchanges. Currently, the caretaker government appointed by President Rumen Radev is in power. His political opponents …
Read More »Azerbaijan Ready to Double Gas Supplies to Bulgaria
According to SeeNews, Azerbaijan is ready to supply to Bulgaria 0.5 – 1 billion m3 (bcm) of natural gas per year in addition to the amount of 1 bcm it has already agreed to deliver, outgoing Bulgarian prime minister Kiril Petkov said. Azerbaijan’s state-owned oil and gas company Socar has …
Read More »Iran Ready to Cooperate with Bulgaria in Energy Field
In a meeting with the Bulgarian official, Iran’s Deputy Foreign Minister for Economic Diplomacy said that Iran is ready to cooperate with Bulgaria in the energy field. During the meeting held with Deputy Minister of Foreign Affairs of Bulgaria Velislava Petrova on Sunday, Mahdi Safari expressed satisfaction with the increase …
Read More »Bulgaria Threatens to Veto EU Oil Ban on Russia unless It Gets Derogation
Bulgaria has threatened not to support European Union’s new set of sanctions against Russia if the Balkan country does not get a derogation from the proposed ban on buying Russian oil, Deputy Prime Minister Assen Vassilev said late on Sunday. European Union governments moved closer on Sunday towards agreeing on …
Read More »Can Europe Live without Russian Energy?
Poland’s and Bulgaria’s decision not to pay for Russian natural gas in rubles could have serious consequences not just for the two European countries, but for the rest of the continent as well. While heavily dependent on Russian energy, Europe, at least at this point, does not have much choice …
Read More »