Letter from Eastern Europe: Bulgaria attempts Russian pivot
On the front line of potential weaponisation of Russian energy, the poorest and arguably most corrupt EU member state is heavily dependent but not without diversification options
EU and Nato member Bulgaria faces a challenge as Europe attempts to wean itself off Russian gas while also facing the potential risk of the Putin regime cutting off supply to those opposing its Ukrainian adventurism. The country imports about 90pc of its gas and most of its other energy resources from Russia, yet it can, in fact, diversify relatively easily. Bulgaria’s energy problems are to some extent self-inflicted—as the recently elected pro-Western government is quick to point out. Solutions will involve not just connecting to nearby pipelines and securing the right contracts, but also rooting out institutional dysfunction and healing political rifts. In response to steep financial sanc
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026






