Energy policy

Greek Alternate Finance Minister Theodoros Skylakakis submitted a request to the European Commission for additional loan financing resources from the Recovery and Resilience Facility (RRF), amounting to five billion euros, in the context of REPowerEU.

Slovenia has secured an exemption from a voluntary EU target under which member states have pledged to continue reducing natural gas consumption until March 2024, a move the authorities say is vital for the country.

Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said yesterday.

Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighboring Ukraine.

Bulgaria has reduced its consumption of natural gas by almost a quarter in the last six months, announced the European Commission.

Pointing to key Biden administration policies to mitigate climate change, Energy Secretary Jennifer Granholm promised on March 8 that the United States would lead global energy transition.

Greece's energy communities can help battle energy poverty, said participants at a special event on Thursday to mark the launch of the Greek-Turkish Solar Energy Excellence Hub to Advance the European Green Deal, an EU-funded project known as SolarHub.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met with the director of the World Bank Office in Serbia Nicola Pontara on Thursday to discuss cooperation in the process of Serbia's energy transition.

In 2022, solar and wind power account for around 22% of EU electricity generation, the highest share in the EU to date. At the same time, the production of electricity from gas represents 20%, which is 1 pp. less than in 2021. This is reported by DPA, referring to a study by the Ember think tank.

"The Recovery and Resilience Plan needs to be renegotiated. I believe that with the efforts of the caretaker cabinet and the experts involved in the task, we will be able to renegotiate it in such a way that Bulgaria shows enough ambition for its path to decarbonization before the EC," said the Minister of Environment and Water Rositsa Karamfilova.

Natural gas will be nearly 30% cheaper from February and will be sold for about BGN 130 per megawatt hour without taxes and levies. This was stated by the executive director of "Bulgargaz" Denitsa Zlateva during the price discussion at the energy regulator.

She also indicated the reasons for this reduction: