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    Suspected herdsmen ambush Benue policemen, kill DPO

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    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    Wike accuses PDP national leaders of sabotage for withdrawing from Rivers suits

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    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
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    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

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    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

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    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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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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