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US energy giant Chevron is leaving Bulgaria, according to energy expert Ilian Vasilev.
According to reports of Pressa daily, Vasilev, who is related to the company's activity in Bulgaria, has confirmed the reports.
Vasilev is quoted as saying that the new strategy of the company focuses on Central and Eastern European Countries like Poland, Romania and Ukraine which provide a favorable environment for implementing the risky investments.
In July 2011, the Chevron won the tender for a 5-year contract for prospecting and exploration of shale gas on a territory of around 440 000 ha, vowing to bring EUR 30 M into the state coffers in exchange.
In January 2012, the Bulgarian Parliament imposed a moratorium shale gas exploration through hydraulic fracturing, thereby blocking the activity of the company in Bulgaria.
According to estimates of the U.S. Energy Information Agency, Bulgaria has potential deposits of shale gas of around 480 billion cubic meters of shale gas and 180 million barrels of shale gas.
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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
The moratorium on electricity, heating and water prices is illegal, and their sharp rise could have been prevented if the government temporarily reduced energy VAT by up to 10%.
After a three-hour debate, the National Assembly amended the moratorium imposed yesterday. The prices of electricity, water and heating for household consumers will be frozen at today's levels and will not be raised until March 31, 2022. The moratorium wi
The deputies approved the proposal of the GERB-SDS parliamentary group to impose a moratorium on the price of electricity and heating. 186 deputies voted in favor, two opposed and two abstained.
Parliament imposed Thursday a moratorium on some decisions by the outgoing administration in the period until the formation of a new government or the appointment of a caretaker government.
At its first meeting on Wednesday, the legal committee of the new Bulgarian Parliament took up proposed changes in the election legislation - a total of six bills - and a draft moratorium on some decisions made by the outgoing government.
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
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