Fuels

The price of A95 gasoline at the main gas stations in Sofia reaches from BGN 3.35 (EUR 1.71) to BGN 3.43 (EUR 1.75) per liter, and diesel - from BGN 3.50 to BGN 3.58.

For comparison, about two weeks ago, the cheapest price for a liter of A95 gasoline was BGN 3.32, and for diesel - BGN 3.43.

The discount of 25 cents for fuel was accepted by the National Assembly. However, what does it mean for the operation of gas stations, commented Georgi Tenev, a lawyer at the Association of Fuel Dealers in Bulgaria.

France has become the latest country to reconsider its energy options because of the war in Ukraine, announcing on June 26 it was looking into reopening a recently closed coal-fired power station.

Germany said yesterday it would raise the alert level under its emergency gas plan to secure supply following the recent reduction of pipeline supplies from Russia.

"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.

The Dutch have joined Germany and Austria in reverting to coal power following an energy crisis provoked by Russia's invasion of Ukraine.    

The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output.    

The Greece-Bulgaria gas interconnection (IGB) has started test gas supplies, the project company ICGB AD told Trend news agency.

"We have started test deliveries with real quantities of natural gas, as planned. However, this is not the beginning of commercial exploitation," the ICGB said.

In the first 100 days of the war in Ukraine, Russia earned 93 billion euros ($98 billion) from fossil fuel exports, most of which were shipped to the European Union, according to a published study.

The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.

Turkey's mega energy project that has attracted the world's attention with its discovery of 540 billion cubic meters of natural gas in the Black Sea is ongoing.