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2014-12-03 21:40:00

BULGARIA SAVE SOUTH STREAM

BULGARIA SAVE SOUTH STREAM

Bulgaria's Government will do all it can to support the realisation of the South Stream gas pipeline project due to its immense economic importance and despite the infringement procedure against Sofia for suspected public procurement law breaches.

There has been no official notification from Russia about South Stream's cancellation thus far and Bulgaria could not aspire to getting compensations, if this happens, vice-PM Tomaislav Donchev said during a press conference on the matter today in Sofia.

An official position from Brussels could be expected after the South Stream halt is confirmed by Moscow.

"If the situation is causing concern in Europe, it definitely is a cause for serious worries in Bulgaria", Donchev said.

The vice-PM has already notified European energy commissioner Maros Sevcovic for the economic, political and legal implications of a potential cancellation of South Stream. In return, Brussels has guaranteed support an alternative gas supply route from Greece, including financing for the planned interconnection and other gas links with neighbouring countries. Donchev however stressed that this is a mere first step towards guaranteeing security of supply and does not provide an alternative to South Stream in full.

Bulgaria will be taking an active stance with a consolidated position insisting on the importance of the project for its economy. Sofia will be a correct partner to the EU and will notify the European Commission on all its moves regarding South Stream, Donchev said. Nevertheless he made clear that the Sofia is not a side in the conflict and the actual adversaries in the situation are Brussels and Moscow, urging the Commission to protect the interests of Bulgaria, which is "vulnerable not only in terms of energy, but also geopolitics".

naturalgaseurope.com

Tags: SOUTH, STREAM, GAS, BULGARIA, RUSSIA

Chronicle:

BULGARIA SAVE SOUTH STREAM
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

BULGARIA SAVE SOUTH STREAM
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

BULGARIA SAVE SOUTH STREAM
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

BULGARIA SAVE SOUTH STREAM
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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