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gasprom-bulgargaz

  Last week deputies and members of the Energy Commission voted on the amendments to the Energy Act which launches the Balkan gas exchange, thus pushing the process of liberalization of the gas market. This belated action is due in part to the pressure from the European Commission as Bulgaria remains a blank spot on the EU gas market.   The gas exchange and the trading platform are a key element in the overall concept of the Bulgarian gas hub, the crown jewel in the efforts of the Bulgarian government in the gas sphere over the recent years.   The liberalization of the gas market is closely related to the existence of a trading platform and the goal of attracting sufficient gas liquidity for distribution through the “hub”.   The

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russia europa

  My favorite Russian diplomat is Ambassador Chizhov. He tops my rankings as the most outspoken Russian diplomat on a range of hot topics in EU-Russia relations. He is entrusted by the Kremlin to challenge the EU on its home turf each and every time the European Council, the European Commission or the European Parliament passes a motion that affects Moscow’s interests. One clear mark of President Putin’s personal trust in him is the fact that Vladimir Chizhov is spending his record 14th year in office as Russia’s Permanent Representative to the European Union.   He did not waste time in reassuring Russians and Russia’s friends and partners that the amendments to the EU Gas Directive passed by the European Parliament on April 4th, amending key regulations for gas pipelines

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1.1

  One of the greatest challenges we face today is to understand the trends and reap the benefits of change in a rapidly evolving world.   Just a decade ago, leaders in south and southeastern Europe believed that breaking away from Gazprom’s monopoly meant they needed to connect to the Caspian Sea gas finds. The second phase of the Shah Deniz-2 project was considered the Holy Grail of energy independence for SEE countries – a belief that led to the strategic project of the Southern Gas Corridor, the development of the second phase of the Shah Deniz gas field and the construction of costly transport infrastructure, worth in total more than $45 billion.   In the original plan these investments were meant to be recovered via gas sales with 9

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  Two events overshadowed the geopolitical landscape on the eve of President Trump’s visit to Poland to attend the Three Seas Initiative Summit. The TSIS is a joint Polish-Croatian project, launched in 2016, with the aim of strengthening trade, infrastructure, energy and political cooperation among countries bordering the Adriatic, the Baltic and the Black seas. Twelve countries are members: Poland, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Lithuania, Estonia, Latvia, Croatia, Slovenia and Austria.   The fact that the American President will preach the case to CEE leaders for US LNG imports comes as no surprise, yet there is a hidden context and a more complex backdrop against which both the expectations and the deliverables of the visit should be judged.   The Case for US LNG gas   Washington has

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  The news of the arrival of the first LNG tanker from the US to the Turkish terminal Aliaga, and the arrival of another one in the bunkering port of Kalamata in Greece, stirred agitation among gas traders and major market players in Southeast Europe.   The long-expected entry of US shale gas on the natural gas market in the region was associated mainly with the hope for an earlier diversification than the one promised with Azeri gas, which even under the most optimistic estimates is scheduled to reach South Eastern Europe after 2019.   The news that the first tanker has arrived in Turkey is not really news. To paraphrase the famous bankers’ saying : gas just like money goes where it is least needed – the Turkish natural