Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Higher electricity prices if Gazprom halts deliveries to Europe: Energy Minister Alexander Nikolov

Photo: archive

According to Bulgaria’s Energy Minister Alexander Nikolov, a possible stoppage of deliveries by Gazprom to Europe would indirectly impact the price of gas in this country.

“This would mean a drastic rise in electricity prices in Europe, and Bulgaria as a country playing a balancing role for the entire region would take an indirect hit by such a price trend,” Minister Nikolov commented. In his words, because of the war in Ukraine the closure of the coal-fired power plants could be reconsidered. Alexander Nikolov said further that additional energy compensations are expected to be envisaged for businesses helping refugees from Ukraine. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

There are no buyers for Lukoil Neftochim Burgas

There is no declared investor interest from a potential buyer and no negotiations for the sale of "Lukoil Neftochim Burgas". This was what Minister of Energy Zhecho Stankov told BNT. Bulgaria guarantees the energy security of the..

published on 10/13/25 10:49 AM

Ukrainian crew rescued from sinking ship in the Black Sea

The crew of a cargo ship sailing under the flag of Cameroon with 10 Ukrainian sailors on board was rescued in an operation led by the Maritime Coordination Center in Varna, its head Rumen Nikolov announced. The ship "EILEEN" sank..

published on 10/13/25 9:43 AM

Prime Minister asks municipalities for support in introduction of the euro

The main political war being waged in Bulgaria is related to the geopolitical orientation of the country in the future. This was what Prime Minister Rosen Zhelyazkov said in a speech at the opening of the Annual Meeting of the National Association of..

published on 10/13/25 8:50 AM