February 2020, Vol. 247, No. 2

Global News

Bulgaria Starts Receiving Gas from TurkStream, Bypassing Ukraine

Bulgaria started receiving natural gas from Russia’s Gazprom via Turkey on January 1 and will no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said. Petkova said the new route via the TurkStream pipeline is more economically viable and could result in around a 5% decrease in natural gas prices on an annual basis. “Financial analyses have shown that Bulgarian customers will save more than 70 million leva ($40 million approx.) annually from the transit taxes of the trans-Balkan route,” Petkova said Monday. “This means it will lead to a decrease of the price of Russian natural gas for Bulgaria.” The Balkan country meets almost all of its gas needs, abou

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