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Bulgaria becomes regional hub for gas supplies
A regional coordination centre will be set up in Bulgaria to manage the overall use of gas and electricity infrastructure and additional gas purchases for the Balkans and Italy, announced Deputy Prime Minister and Finance Minister Asen Vassilev in Brussels after meeting with EU Commission President Ursula von der Leyen and Executive Vice-President Frans Timmermans on Thursday (28 April).
read more... 02/05/2022
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New gas pipeline boosts Europe's bid to ease Russian supply
Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it's where the European Union is redrawing the region's energy map to ease its heavy reliance on Russian natural gas.
read more... 02/05/2022
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Von der Leyen defies Russia’s gas ‘blackmail’, vows EU unity with Poland and Bulgaria
The European Union has warned Russia it will not bend to “blackmail” over its support for Kyiv after the Kremlin cut off gas supplies to Bulgaria and Poland. The two countries are now supplied from their EU neighbours.
read more... 29/04/2022
Daily (29.04.2022): European power prices retreated on Thursday amid easing gas panic
Crude oil prices rose on Thursday as the prospect of Germany joining other European Union member states in imposing a Russian oil embargo grew, exacerbating concerns about tight supplies in the already dearth global crude market. Hence, Brent crude increased by 2.2% to settle at $107.59 a barrel. U.S. WTI crude soared by 3.3% to end at $105.36 a barrel.
read more... 29/04/2022
Daily (28.04.2022): European electricity prices soared on Wednesday as Russia turns off is gas taps
Crude oil prices increased modestly on Wednesday ongoing concerns about tight worldwide supply, exacerbated by Russia's move to cut off gas shipments to two European nations. Hence, Brent crude rose by 0.3% to settle at $105.32 a barrel. U.S. WTI crude added 0.3% to end at $102.02 a barrel.
read more... 28/04/2022