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    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    Nigeria to concession Enugu, Port Harcourt and three other airports

    Federal Government approves 30-year concession for Enugu Airport

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

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    Industrial & Medical Gases Nigeria Plc to issue share bonus to shareholders

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    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

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    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

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We won’t negotiate new gas deal with Russia’s Gazprom – Bulgaria

Sunday, 20 March 2022, 7:33 am
in News, World
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We won’t negotiate new gas deal with Russia’s Gazprom – Bulgaria
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The Bulgarian government has indicated that it will not negotiate a new natural gas contract with Russia’s state-owned energy giant Gazprom.

Deputy Prime Minister Assen Vassilev disclosed the country’s position on Saturday, amid the ongoing war between Russia and Kiev.

Speaking to BNR public radio, he said “In this situation, there’s no way there are talks with Gazprom.”

There is an existing 10-year gas supply contract between Sofia and Gazprom, the contract is due to run out at the end of 2022. Russia Today reports that Bulgaria receives nearly all of its natural gas supply from Russia.

Also read; Russia-Ukraine War: Russia fires hypersonic missiles in Ukraine

The EU and NATO Member state is searching for alternatives to meet its gas demands. Vassilev revealed that they have been holding talks with third parties;

“We have held talks with both Greece and Turkey,” he said, adding that the country may potentially receive natural gas from Azerbaijan through the existing pipeline infrastructure.

“There are alternatives. The old pipes of the Trans-Balkan route,” he explained. “There we have a capacity of about 20 billion cubic meters and it can be used in both directions, we need some three billion cubic meters.”

Other than bringing in natural gas via existing pipelines in Europe, the deputy prime minister said they are also looking at purchasing liquefied natural gas from overseas.

“There are supplies from Qatar, Algeria. This is pan-European. A common EU-wide gas contract will be discussed at European level in the next one-to-two weeks. We expect this mechanism to be in place in the summer,” Vassilev said.

Bulgaria has ruled out providing military aid to Ukraine, taking an opposite position with her fellow NATO and EU member states.

Speaking at meeting with U.S. Defence Secretary Lloyd Austin who is on a two-day visit to Bulgaria, Bulgarian Prime Minister Kiril Petkov said;

“Bulgaria will continue to do everything possible to aid the Ukrainians in this hard war and this huge aggression that the Russian Federation has been inflicting on them,” he told reporters.

“But being so close to the conflict, right now, military aid for Ukraine won’t be possible.”

Russia invaded Ukraine in late February 2022, and is now demanding that Ukraine officially declare itself a neutral country that will never join the NATO military bloc. Ukraine says the Russian invasion was unprovoked.

Russia and Ukraine are currenting negotiating for an end to the war, and a peace agreement.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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