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Ivan Kostov, co-chair of the right-wing Blue Coalition. Photo by BGNES
Several MPs with the right-wing Bulgarian Blue Coalition have prepared a draft resolution against the recent ban imposed on the use of hydraulic fracturing in the country.
The lawmakers, including former PM Ivan Kostov (1997-2001), have demanded that the recently implemented ban on hydraulic fracturing in the research and/or extraction of gas and oil in Bulgaria should be lifted, adding that legislative amendments should be created in order to ensure environmental protection and effective control.
Researchers from the Bulgarian Academy of Sciences' Geological Institute have supported shale gas research in Bulgaria if state-of-the-art technologies and scientific methods are used and if strict environmental control is established, Ivan Kostov pointed out on Thursday, as cited by BGNES.
It would be unwise for Bulgaria to miss the opportunity to research into its shale gas resources, Kostov added.
He stated that the Bulgarian geologists have found no scientific proof of potential environmental dangers in shale gas research. In a letter cited by the Blue Coalitions, they have said the research of natural resources should not be considered less of a priority than preserving the environment.
However, the scientists have added that they would not engage in coming out with an expert opinion concerning the use of hydraulic fracturing in shale gas extraction.
On January 17, the Bulgarian government revoked a shale gas exploration permit granted to US oil giant Chevron for deposits in Northeastern Bulgaria, citing the insufficient proof of the environmental safety of hydraulic fracturing.
On January 18, the Cabinet imposed an indefinite ban on hydraulic fracturing, a method which involves injecting a mix of water, sand and chemicals at very high pressure deep underground to crack rock and release oil and gas.
On January 14, thousands of protesters gathered in 11 Bulgarian cities to demand a moratorium and a subsequent statutory ban on shale gas drilling in the country.
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He commented on the words of former US Secretary of State Mike Pompeo, who announced at a lecture organized by the Confederation of Employers and Industrialists in Bulgaria (KRIB) that the answer to Bulgaria's energy independence is not abroad but in the
Customs agency head Vanyo Tanov has said authorities are now inspecting Lukoil Neftochim over accusations of price rigging hurled in a report.
Former Bulgarian Prime Minister Ivan Kostov has asked the head of a Burgas-based Lukoil refinery for access to import contracts of crude oil.
Lukoil has threatened to sue the Risk Management Lab at the New Bulgarian University over a recent report stating that the Burgas-based Lukoil Neftochim refinery deprived the state budget of over BGN 1 B through inflated prices.
Lukoil Bulgaria is responsible for "artificial" prices of petrol in the country, a research team led by former PM Ivan Kostov has claimed.
Ivan Ivanov, the single candidate to become the chair of Bulgaria's energy regulator KEVR, has now been picked by Parliament to take over the body.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
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