Bulgaria Celebrates Two Spelling Bee Champions!
Bulgaria has crowned not one, but two Spelling Bee champions this year
First drilling at the Khan Asparuh block in the Black Sea, where significant gas deposits are though to lie, are now scheduled for February 2016, an official has said.
Delyan Dobrev, a former Energy Minister who now heads Parliament's Energy Committee, told reportes on Sunday (a workday in Bulgaria) that finding vast gas fields was quite likely given that neighboring Romania had found "some 80 billion cubic meters" just 15 km from the Bulgarian border, or near Bulgaria's section of the block.
Bucharest earlier declared the estimated amount was between 40 and 80 bcm, numbers roughly confirmed by Petrom and ExxonMobil which discovered a deposit of 42-84 bcm in 2012.
A consortium of Total (France), OMV (Austria) and Repsol (Spain) was due to start drilling this year, but in December announced it would postpone its operation, citing budgetary restrictions.
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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
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022