. Energy News .

Russia's Gazprom cuts gas prices to Bulgaria: minister
by Staff Writers
Sofia (AFP) March 30, 2012

Russia's gas giant Gazprom has agreed to cut natural gas prices to Bulgaria by just over 11 percent, Economy and Energy Minister Delyan Dobrev said after talks in Moscow on Friday.

"We negotiated to receive a discount on the price of gas, which according to preliminary estimates will amount to a little over 11 percent -- 11.1 percent," Dobrev told BNR national radio from Moscow, following a meeting with Gazprom chief executive Alexei Miller.

"We agreed to get this discount as of April 1 to be valid over the next nine months," he said.

A key issue in the talks was speeding up the South Stream pipeline to bring Russian gas to Europe under the Black Sea, Dobrev added.

Bulgaria is almost totally dependent on Russian gas for its energy needs and currently pays about $600 (450 euros) per 1,000 cubic metres of gas.

The country also transits 12 to 15 billion cubic metres of Russian gas annually to neighbouring Turkey, Greece and Macedonia.

Dobrev arrived for talks in Moscow late Thursday, a day after Bulgaria's government announced its decision to abandon a joint project with Russia for a 2,000-megawatt nuclear power plant in the northern town of Belene.

The plant, to have been built by Russia's Atomstroyexport, was seen as strategic by the company as it was going to be their first in the European Union.

Feasibility questions, price haggling and safety concerns however bogged down the long-delayed project, which was under discussion for over 30 years.

Russia earlier threatened to sue Bulgaria for $1.0 billion if it dropped the deal, but Dobrev was cited by BNR as saying the issue was not raised in Moscow on Friday.

The talks with Miller and Russian Vice Premier Igor Sechin were "very useful" and held "in a friendly manner," Dobrev said.

In a move to dissuade Russia from taking legal action, Bulgaria said it would pay for the first nearly-finished 1,000-megawatt reactor at Belene to be ready by October and would install it on the site of its existing nuclear plant at Kozloduy.

"They said this was a different project that would necessitate changes to the initial plans for a two-reactor plant... (and) that it would take several more years," Dobrev said of his Russian interlocutors' reaction.

But they added it "was possible," he said.

The Bulgarian government had said it would review the possibility of constructing a gas-fired plant at Belene and Gazprom noted Friday it was interested in participating, Dobrev added.

Bulgaria's left-wing opposition on Friday threatened to call a no-confidence vote in parliament over the failed Belene project.

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Ecuador's Supreme Court to hear Chevron's appeal
Quito (AFP) March 29, 2012
Ecuador's Supreme Court agreed Thursday to hear an appeal by US oil giant Chevron to overturn its 2011 judgment and record fine for environmental damage. Chevron's 280,000 pages of documents from litigation that started in 1993 were filed with the National Court of Justice in Quito, AFP has learned. A lower court ordered Chevron to pay an $9.5 billion fine after years of unchecked pollut ... read more

Canada to speed up energy review process

US sets new carbon standard for power plants

Calif. jail part of 'microgrid' project

Iberdrola awards $400M in smart grid buys

Falklands looks to future amid hopes for oil revenue

Ecuador's Supreme Court to hear Chevron's appeal

Philippines to build pier in disputed Spratlys

U.S. stymies Iran bid to snatch Iraqi oil

GDF SUEZ, VINCI, CDC Infrastructure and AREVA mobilized for offshore wind power

Real-World Wind Turbine Performance Metrics and Just-in-Time Predictive Maintenance Software

Denmark OKs ambitious green energy deal

GDF vows 6,000 jobs in French wind farm bid

Arizona YMCA's Go Solar State Wide

Upsolar Expands Presence in Balkan Region

SolarCity Unveils National Home Energy Loan

New Capital Area Food Bank Facility to Power Up and Save with Standard Solar

So. Calif. officials express nuclear worry

Russia ready to build nuclear plants in Britain: official

Lithuania, Hitachi sign initial nuclear plant deal

Sandia's Ion Beam Laboratory looks at advanced materials for reactors

AREVA awarded funding for innovative biomass project

Biofuel cell generates electricity when implanted in False Death's Head Cockroach

New Synthetic Biology Technique Boosts Microbial Production of Diesel Fuel

Butterfly wings' 'art of blackness' could boost production of green fuels

China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

Science under fire from 'merchants of doubt': US historian

US offers $120 million for Sahel hunger

Cultural inertia is slowing effective action to address climate-change

Earth Hour dilemma: When the "like" button harms the planet

Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement