Financing wind in Montenegro,...

The landscape of renewable finance in Southeast Europe has undergone a profound transformation....

How Southeast Europe’s grid...

Wind development in Southeast Europe is accelerating at a pace unimaginable only a...

Serbia–Romania–Croatia: The new triangular...

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside...

The bankability gap in...

The transformation of Southeast Europe into a credible wind-investment region has been rapid,...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria to end...

Bulgaria to end Russian gas transit to Serbia and Hungary by 2026, phase out domestic use by 2028

Bulgaria has announced that it will stop the transit of Russian natural gas through its territory to Serbia and Hungary starting in 2026. The decision comes after renewed calls from US President Donald Trump for European countries to reduce their reliance on Russian energy.

Prime Minister Rosen Jelyazkov, speaking in New York during the UN General Assembly, confirmed that Bulgaria, as an EU member, will follow the bloc’s collective decision to end contracts involving Russian gas transit by 2026. He added that by 2028, Russian natural gas will be completely removed from Bulgaria’s domestic energy supply.

Just a few years ago, Bulgaria relied almost entirely on Russian gas to cover its needs. Today, however, the country imports all of its gas in the form of liquefied natural gas (LNG), mainly delivered through the interconnection pipeline with Greece. Jelyazkov noted that Bulgaria has secured highly favorable LNG supply agreements with the United States.

Bulgaria hosts part of the TurkStream pipeline, known locally as Balkan Stream, which serves only as a transit route. The country does not receive gas from the pipeline itself but earns fees for allowing flows through its network. Gazprom has reserved nearly the entire pipeline capacity—about 13 billion cubic meters annually—for deliveries to Serbia and Hungary.

Construction of the Bulgarian section of the pipeline was carried out between 2017 and 2021, and the line was officially launched on January 1, 2022, shortly before Russia’s invasion of Ukraine. Between its commissioning and the end of March 2024, Bulgaria collected nearly 800 million euros in transit revenue from this infrastructure.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Financing wind in Montenegro, Serbia, Croatia and Romania — why international lenders are returning to Southeast Europe

The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local...

How Southeast Europe’s grid bottlenecks will reshape project valuation, offtake strategy and EPC designs by 2030

Wind development in Southeast Europe is accelerating at a pace unimaginable only a decade ago, yet the region’s grid infrastructure is straining under the weight of its own renewable ambition. Serbia is preparing for multi-gigawatt expansion, Romania is restarting...

Serbia–Romania–Croatia: The new triangular wind corridor — is Southeast Europe becoming Europe’s next Iberia?

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside Europe: strong resource, open land, grid-ready corridors, competitive auctions, and the steady inflow of international capital. Investors seeking scale, yield, and policy clarity migrated naturally towards...
Supported byVirtu Energy
error: Content is protected !!