Bulgaria-Greece Gas Interconnector Expands, Boosting Energy Security in the Region
The Bulgaria-Greece gas interconnector project marks a successful year of operation, transporting over 15.5 million MWh in 2023 without any disruption, reported IGB
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Business » Energy
Bulgarian Customs Investigates Lukoil Neftohim Amid Russia Restrictions
The National Customs Agency has launched a comprehensive inspection targeting Lukoil Neftohim Burgas, the Rosenets oil port, and over 50 tax warehouses across Bulgaria that are under restrictive measures due to Russia's invasion of Ukraine, as confirmed b
"Bulgargaz" Proposes 11% Decrease in January Natural Gas Prices
"Bulgargaz" anticipates a notable reduction in natural gas prices by approximately 11% starting in January
Azerbaijan Open to Potential Acquisition of Lukoil Neftohim Burgas
Azerbaijan's Ambassador to Bulgaria, Huseyn Huseynov, conveyed in an interview with "Euronews Bulgaria" that Azerbaijan remains receptive to considering the acquisition of Bulgaria's Lukoil Neftohim Burgas oil refinery
European Commission Initiates Proceedings Against Bulgaria, Austria, and Poland for Missed Climate Plan Deadlines
The European Commission has taken formal action against Bulgaria, Austria, and Poland, urging these nations to submit their revised national energy and climate plans aligning with the EU's 2030 climate and energy goals
Government Contemplates Absorbing BGN 1.6 Billion Liabilities from Sofia Heating Company
The Bulgarian National Assembly passed a resolution, greenlighting the potential takeover of liabilities amounting to BGN 1.6 billion from Toplofikacia Sofia, the primary district heating company in the capital city
US House of Representatives Probes Bulgarian Legal Amendments on Lukoil's Russian Oil Imports
The United States has formally requested detailed clarification from Bulgaria regarding recent legal amendments passed by the Bulgarian parliament concerning Lukoil, the import of Russian oil, and any exceptions granted
European Commission Greenlights EUR 120 Million Aid to Bulgargaz Amid War In Ukraine
The European Commission has given its nod to a EUR 120 million aid package for Bulgargaz Ltd., Bulgaria's state gas supplier, in response to the repercussions of Russia's invasion of Ukraine
Bulgaria's Fuel Exports Total BGN 2.2 Billion
Bulgaria has witnessed the export of fuels amounting to approximately BGN 2.2 billion from January to August, as reported by "Capital," citing the National Statistical Institute
Bulgargaz Offers Lower Price For Natural Gas In January
Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies
Confirmed: Hungary Issued Ultimatum To Veto Schengen If Bulgaria Does Not Remove The Tax On Russian Gas
Hungary has sent an official message to Bulgaria that if the country does not remove the fee for the transfer of Russian gas, Budapest will impose a veto on Bulgaria's accession to Schengen
European Commission: Bulgaria Holds Authority to Alter Russian Oil Import Sanctions
During a press briefing, the European Commission disclosed that Bulgaria currently holds a temporary exemption from the broader EU sanctions on Russian oil imports, slated for termination by the year's end
Bulgaria MPs Draft Bill for Black Sea Wind Turbines
A significant legislative proposal has emerged as MPs unveil a draft bill aimed at harnessing wind energy in the Black Sea, specifically near Shabla
Bulgaria Firm on Lukoil Sale: Insists on Legitimate Ownership for Refinery
Finance Minister Asen Vassilev affirmed Bulgaria's stance on any potential sale of Lukoil, emphasizing that if such a sale were to occur, it must involve a transparent and strategic investor.
Bulgaria-Serbia Gas Interconnector Officially Inaugurated by Presidents Radev and Vucic
The much-anticipated launch of the Bulgaria-Serbia Interconnector (IBS) witnessed a significant ceremony graced by the presence of Presidents Rumen Radev and Aleksandar Vucic from both nations
Ukraine Expresses Continued Interest in Purchasing Belene NPP Equipment
Energy Minister Rumen Radev affirmed Ukraine's ongoing interest in acquiring equipment for Bulgaria's Belene Nuclear Power Plant (NPP) during an inspection of Bulgaria's gas link construction with Serbia
Bulgaria Poised to Emerge as Energy Storage Hub: Economy Minister's Talks in South Korea
Economy Minister Bogdan Bogdanov's visit to South Korea has laid the groundwork for a strategic memorandum between the two countries
Bulgaria: No Compensation Owed for Recent Power Outages Caused by Snowfall
Electricity distribution operators will not be compensating users for power outages triggered by heavy snowfall across Bulgaria, Energy Minister Rumen Radev confirmed during a parliamentary hearing
Speculations Mount as SOCAR Emerges as Likely Buyer of Lukoil Neftohim Burgas Refinery
Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper
Bulgarian Finance Minister Assures No Fuel Shortage Amid Lukoil Refinery Sale Consideration
Bulgaria's Finance Minister, Asen Vassilev, addressed concerns about potential fuel shortages following "Lukoil's" deliberations on selling its business in the country
Russia's Lukoil Contemplates Asset Sale in Bulgaria Amid Changing Conditions
Lukoil has announced a strategic review of its Bulgarian ventures due to significant alterations in conditions
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