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Gazprom loses gas monopoly as Southeast European market advances

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The gas market in southeast Europe was marked by three events at the beginning of the new year, all of them with far-reaching consequences. On January 1, Serbian President Aleksander Vucic celebrated his nation’s gas supplies from Russia through a different route, notably via Bulgaria and the Balkan Stream pipeline, part of the Turkish Stream pipeline. Only hours prior to the announcement, Bulgaria started getting Azeri gas via the Trans Adriatic Pipeline (TAP), prompting Bulgarian Prime Minister Bojko Borissow to say during a visit to a compressor station near the Greek border: “As of now, complete diversification rules.” He basically announced …

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