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2015-08-20 20:00:00

BULGARIA NEED SOUTH STREAM

BULGARIA NEED SOUTH STREAM

Bulgaria didn't quit the South Stream gas pipeline project, Energy Minister Temenuzhka Petkova has said.

Petkova is quoted by Focus News Agency as telling reporters that Sofia always perceived South Stream to be "a very important project", but it had to be realized in compliance with European law.

Earlier this week, Russian President Vladimir Putin had pointed out that it was Bulgaria, and not Russia, that withdrew from the pipeline project.

Putin announced the end of South Stream in December 2014, citing Bulgaria's reluctance to issue construction permits for the offshore section. Sofia refused to unblock construction after Brussels said it was launching an infringement procedure over South Stream's incompatibility with the so-called Third Energy Package.

novinite.com

Tags: BULGARIA, RUSSIA, SOUTH, STREAM,

Chronicle:

BULGARIA NEED SOUTH STREAM
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

BULGARIA NEED SOUTH STREAM
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

BULGARIA NEED SOUTH STREAM
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

BULGARIA NEED SOUTH STREAM
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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