Energy policy

Turkey and Russia's Gazprom are likely to finalize a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree.

Deliveries of gas to end customers in Serbia will be regular and reliable, Srbijagas, Serbia’s state-owned natural gas provider, said on Wednesday.

This is true "despite the new situation concerning transits of natural gas across Ukraine and information about suspension of Russian gas supplies to the country," the company said in a statement quoted by Tanjug.

Gazprom halted gas deliveries to Ukraine on Wednesday and said it won't resume supplies until Kiev makes a pre-payment.

The Bulgarian government will establish an energy security council, which will coordinate the national policy in the energy sector and define the Bulgarian priorities within the framework of the European Energy Union.

The decision was taken at the regular meeting of the Council of Ministers on Wednesday, the government's press service informs.

Russian President Vladimir Putin has demanded the beginning of talks over the continuation of gas transit via Ukraine after 2019, Gazprom CEO Alexey Miller has said.

Bulgarian Energy Minister Temenuzhka Petkova has warned a move to put off electricity price hikes will have a negative impact on the energy system.

A planned discount on electricity prices for large industrial consumers will cost a total of BGN 90 M, according to Bulgaria's Energy Minister Temenuzhka Pavlova.

Countries' current pledges for greenhouse gas cuts will fail to achieve a peak in energy-related emissions by 2030 and likely result in a temperature rise of 2.6 degrees Celsius by the end of the century, the International Energy Agency said on June 15.

World oil demand will rise much more than expected this year, the International Energy Agency (IEA) said on June 11, in the latest sign that the collapse in oil prices is helping to boost fuel use.

The frequent legislative changes are among the reasons for the decline in the interest in the renewables area, in the context in which the law regulating the support scheme for the production of energy from renewable sources has been modified eight times since 2010 until present, member of the Regulation Committee within the National Energy Regulatory Authority (ANRE) Zoltan Nagy said on Thursd