St. Nikola Wind Farm Generates 35% more Energy in August 2022 compared to July
With its production in the last month, the largest wind farm in Bulgaria covered the monthly consumption of 68,000 Bulgarian households
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Business » Energy
"Gazprom" with Record Profits
Russian state-backed energy company Gazprom is ready to pay the Kremlin 2.5 billion rubles after posting record profits
Mike Pompeo called for the Extraction of Shale Gas in Bulgaria which is "Cleaner than Russian"
“Fracking technologies for extracting shale gas are much cleaner than Russian natural gas. Don't allow a handful of ill-informed activists who use arguments not based on facts to destroy your future,” former US Secretary of State Mike Pompeo said today in
Bulgaria: "Toplofikatsia Sofia" Owes 399 Million Levs to "Bulgargaz"
"Toplofikatsia Sofia (Heating Systems Sofia) owes BGN 399 million to Bulgargaz," Denitsa Zlateva, executive director of Bulgargaz
Russia Halts Gas Supplies through the Nord Stream Pipeline
Russia has stopped the supply of natural gas through the Nord Stream pipeline, Russian and Western news agencies reported
Bulgargaz: Increase of about 17% in the Price of Natural Gas is Expected
The estimated price of natural gas will be around BGN 350 (EUR 179), which is an increase of around 17 percent compared to the price for August
Mayor Fandakova: The Heating of Sofia Residents is Guaranteed
This winter will be particularly difficult because of the high prices of all energy sources. The heating of the people of Sofia is guaranteed, there will be quantities of gas, the question is what the prices will be
France is Facing a Potential Energy Crisis
French Prime Minister Elisabeth Borne has warned company bosses of the risk of curbing energy use this winter and urged them to take measures to reduce consumption
Bulgaria Exports almost Half of the Electricity it Produces
In June, Bulgaria exported almost half of the electricity produced in the country. This is what new data from the National Statistical Institute (NSI) indicate
Gas Prices fell 18% on the Dutch Stock Market due to Profits and Full Storages
The stock price of gas on the ICE Futures site has fallen almost 20% so far, according to trading data
Bulgaria will Probably Go to Arbitration with Gazprom. The Situation is Not Good
Bulgaria did not make the right decision regarding the old contract with Gazprom. There is no way to sign a new contract. Every step is a big problem. We are going to arbitration, most likely
Are East Mediterranean Gas Resources the Solution to Europe's Energy Crisis?
The Russian invasion of Ukraine more than 6 months ago has caused a dramatic spike in natural gas prices and caused repeated energy shocks in Europe
Does the Bulgarian Government Actually Intend to Hold Talks on a New Contract with Gazprom
The announcement states that opinions were also exchanged regarding the implementation of Bulgaria's existing contract with "Gazprom" in the context of the sanctions regime imposed by the European Union, but it does not indicate what the opinion of the Eu
Price of Natural Gas in Europe reached 341 Euros per megawatt hour
The price of natural gas on the Dutch exchange TTF reached 341 euros per megawatt hour yesterday, and electricity supply contracts in Germany and France broke all records
The Bulgarian State and Lukoil are Negotiating on Making Gasoline Cheaper
The Ministers of Energy and Economy spoke today with the management of "Lukoil Neftochim" and "Lukoil Bulgaria"
Bulgaria’s Government has Asked Gazprom for Negotiations and is Waiting for an Answer
There are still no active talks with Gazprom, but the caretaker government has sent notice that it is ready to resume negotiations
Bulgarian Energy Minister Threatens with a Loss of Billions If the Gas is Not from Gazprom
We have a contract that, if we don't fulfill it, we owe billions, on the other hand, under it we can get gas, which is one of the cheapest that can be found. And we question whether to use it or not
The Price of Electricity in Europe has Jumped by 25%
The price of electricity in Europe jumped by more than 25%, according to the prices of the European Electricity Exchange
Ukraine has offered its Gas Pipelines to Europe if Nord Stream 1 is Halted
Ukraine has offered to provide its gas transmission network for the delivery of Russian gas to Europe after Nord Stream 1 has been failing so much lately and constantly having to shut down the gas on it
Bulgarian Minister: Negotiations with Gazprom may be Unpleasant and Immoral but They will Continue
Perhaps the negotiations with Gazprom are immoral and unpleasant, most likely Russia is not a reliable long-term partner, but we will continue our trade relations
Bulgaria: There are No Guaranteed Quantities of Natural Gas for October
Things with the interconnector to Greece are under control, the whole country has been mobilized. A lot of time has been wasted, in which nothing has really been done
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