1 March 2010
Bulgarian natural gas deals advance the Nabucco cause
Bulgaria is the second Nabucco transit country, after Hungary, to ratify the agreement to build the pipeline; the intergovernmental agreement was signed by the project's host countries – Turkey, Bulgaria, Romania, Hungary and Austria – in July 2009 (PE 8/09 p26). Romania looks set to be next to ratify the agreement, with an approved draft law soon to go before parliament. The EU-backed Nabucco pipeline aims to transport up to 31bn cubic metres of gas a year (cm/y) of gas from Caspian-basin and Middle Eastern countries direct to central Europe, avoiding Russian territory. In early February, Bulgaria's new prime minister, Boyko Borisov, visited Istanbul to sign three joint energy-infrastructu
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
