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Last week the Bulgarian PM inspected work progress at the Interconnector Greece-Bulgaria, noting that it is a landmark project for energy security in the region. Two days later, he flew to Thessaloniki to meet the Greek PM and the US ambassador to Greece, repeating praise for Greek-Bulgarian cooperation in the energy field and commitment to buy more LNG. DEPA, Kolmar, and the Bulgarian company Energiko have managed to import partial or fully LNG sourced gas into Bulgaria via the Greek terminal at Revithoussa. Due to outdated regulatory practice and lack of liberalization of the gas market, the margins between the “buy” and “sell” prices have been collected by the traders, including Bulgargas. Lower international prices of gas have failed to reflect into a proportionate decrease in gas prices
The spy affair involving the top Russophile in Bulgaria – Nikolay Malinov, has received an ominous turn in the last three days. Mr. Malinov was miraculously granted a three-day exemption from the ban to leave the country, allowing him to fly to Moscow and receive a Soviet time Оrder of Friendship from President Putin. The motives are clear – for outstanding contributions to the Russian nation. Mr. Malinov is what ideally fits into the term ‘Russian agent of influence.’ The invitation and the ceremony were all carefully staged showcase of Vladimir Putin’s imperial hiatus. In the case of Mr. Malinov, it was a clear case of marked red lines the Bulgarian PM Borissov should not cross. The most intriguing part of the story is the five-minute
Shortly after the October 20th visit of the head of Russia’s Civil Intelligence Sergey Naryshkin, an S-400 division and Panzer rocket-artillery system arrived in Serbia. They are supposed to take part in the second part of the joint military drills ‘Slavic shield – 2019’ that will span October 23-29th. The news generated fresh concerns about a possible permanent deployment of the S-400, leading to widespread geopolitical repercussions. More than 200 Serbian military experts were flown to Russia two months ago to take part in the first leg of the ‘Slavic Shield-2019’ military drills in the region of Astrakhan, which included training and live-fire tests with S-400. This summer, NATO-member Romania banned the river transport of Russian armored vehicles to Serbia. Russia then flew them over NATO member
The effect of LNG and newly sourced gas in the Southern Gas Corridor will spread across the CEE and the SEE and put the heat on Russia’s gas monopoly. In other words, if hidden and overt preferential treatment for Gazexport is revoked, this will result in lower prices or market shares for the incumbent monopoly. Reverse supplies via the Trans-Balkan Pipeline could start as early as January 1st, 2020, bringing gas from Turkey, Greece, and the Southern Gas Corridor to clients in Romania, Moldova, Ukraine, and Slovakia even before Turk Stream gas crosses the Bulgarian border. Demand for Nord Stream-2 south and eastbound gas exports via Opal and Eugal gas pipelines should wane with lower price differentials amid rising competition from the Southern Gas Corridor and LNG.
The Interview by Vasil Vasilev first published in faktor.bg on 07/10/2019. The liberals were wrong to manipulate Greta Thunberg; anti-Christian ideals are being re-shaped into environmental philosophy Democrats in the US have shot themselves in their good foot The outcome of the political crisis in Israel will be important for the world, states the former Bulgarian MP Dimitar Ivanov – Mr. Ivanov, what will be the consequences of the impeachment against Donald Trump? – Six hours after Donald Trump delivered his speech before the UN, declaring that globalism was dead and the future belonged to nation states, Nancy Pelosi launched a procedure for the US president’s impeachment. The ground was ridiculous and Trump himself called the Democrats’ actions “witch hunt garbage”. I absolutely agree with him. In my