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
24 February 2025
Weighed down by higher costs and lower margins, the US downstream sector is facing closures that could shrink capacity
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers