Business » Energy

Bulgargaz Proposes to Cut Gas Price by One-fifth for Q2’2016

Bulgargaz has proposed to cut natural gas price for consumers by 20.64% for the second quarter of 2016 due to expected drop in the price of gas supplies.

Business » Energy | February 11, 2016, Thursday // 10:16 | Viewed: 4192

Petyo Ivanov to Replace Jacklen Cohen as Head of Bulgarian Energy Holding

Jacklen Cohen, head of Bulgarian Energy Holding (BEH) company, has been dropped from the board of directors of the state-owned group, the Energy Ministry has announced.

Business » Energy | February 9, 2016, Tuesday // 21:12 | Viewed: 4648

Bulgarian MPs Reject Proposal to Renew Construction of South Stream

Bulgarian MPs rejected on Wednesday a proposal submitted by nationalist opposition Ataka party to renew activities related to the construction of the South Stream natural gas pipeline.

Business » Energy | February 3, 2016, Wednesday // 11:30 | Viewed: 7446

Italy's Saipem Takes Gazprom to Court over South Stream Demise

Saipem, the Italian pipe-laying company that was to take part in the construction of South Stream, has filed an arbitration claim against Gazprom, a Russian business daily reports citing court documents.

Business » Energy | February 1, 2016, Monday // 10:24 | Viewed: 6675

Bulgaria Energy Min Denies 'Plans to Circumvent Ukraine Gas Routes'

The Balkan gas hub project put forward by Bulgaria is not aimed at going around Ukraine's gas transportation network, Energy Minister Temenuzhka Petkova said on Saturday.

Business » Energy | January 30, 2016, Saturday // 14:42 | Viewed: 4985

Bulgaria’s Kozloduy NPP Signs Deal to Extend Life of Unit 6 up to 60 Years

Bulgaria’s sole Kozloduy nuclear power plant has signed a deal for extending the lifespan of one of its two operating 1,000-MW units with a consortium of Russia’s Rusatom Service and Bulgaria’s Risk Engineering.

Business » Energy | January 28, 2016, Thursday // 21:10 | Viewed: 2486

Gas Hub, Kozloduy NPP's Units 5-6 Top Agenda of Bulgaria-Russia Committee

An intergovernmental committee between Bulgaria and Russia has discussed Sofia's gas hub project and the modernization of nuclear units in its first session in five years.

Business » Energy | January 27, 2016, Wednesday // 22:02 | Viewed: 2601

Bulgarian Energy Regulator Expects 20% Drop in Natgas Price in Q2

The price of natural gas in Bulgaria is expected to fall by about one-fifth from the beginning of April, reflecting a sustained decline in global oil prices, the head of the country’s energy regulator has forecast.

Business » Energy | January 27, 2016, Wednesday // 15:01 | Viewed: 2179

Two Bulgarian Projects to be Allocated Funding Under Connecting Europe Facility

Two Bulgarian energy projects will be allocated financing under the EU's Connecting Europe Facility funding programme for infrastructure.

Business » Energy | January 25, 2016, Monday // 14:51 | Viewed: 5401

Bulgarian Presidency Procures Electricity on Free Market

The President's Office has announced a public procurement procedure to be supplied with electricity, its press service has said.

Business » Energy | January 25, 2016, Monday // 13:11 | Viewed: 4720

Prices at Bulgaria's New Energy Exchange 'Unexpectedly Low'

Electricity prices at the newly set up Independent Bulgarian Energy Exchange (IBEX) are at surprisingly low levels, just two days after IBEX started "real" trade, an electricity traders' union has warned.

Business » Energy | January 21, 2016, Thursday // 14:16 | Viewed: 2582

Gazprom Declares Termination of South Stream Agreement

Gazprom announced on Wednesday that the agreement on the planned South Stream natural gas pipeline has been terminated.

Business » Energy | January 20, 2016, Wednesday // 12:02 | Viewed: 5298

Bulgaria to Get EUR 850,000 Grant to Improve Gas Transmission Network

Bulgaria will receive an EU grant of EUR 850,000  for the rehabilitation, modernization and expansion of its gas transmission system under the Connecting Europe Facility (CEF), an EU funding programme for infrastructure.

Business » Energy | January 19, 2016, Tuesday // 16:07 | Viewed: 2951

Bulgaria's Energy Exchange Starts Electricity Trade

After more than a month in trial mode, the Independent Bulgarian Energy Exchange (IBEX) begins trading electricity on Tuesday, its CEO has said.

Business » Energy | January 19, 2016, Tuesday // 12:46 | Viewed: 2509

Bulgaria's South Stream Hopes Look 'Bleak' - Stratfor

No matter how interested Bulgaria is in pursuing the South Stream project, the outcome looks bleak, Stratfor writes in an analysis of Russian gas infrastructure plans.

Business » Energy | January 18, 2016, Monday // 11:59 | Viewed: 3142

A Third of Bulgarians Facing Energy Poverty

Vulnerable energy consumers amount to 30 percent - or nearly a third - of the Bulgarian population, the country's Energy Minister has said.

Business » Energy | January 15, 2016, Friday // 17:35 | Viewed: 4207

Italy Switches Position on Nord Stream-2 Pipeline

The Italian government has asked to participate in the enlargement of Nord Stream pipeline project, the Italian edition of the Huffington Post.

Business » Energy | January 11, 2016, Monday // 18:19 | Viewed: 6307

Decision on Overgas Supplies due on Monday - CEO

The head of private gas supplier Overgas on Sunday he would talk to Russian energy officials in the beginning of the week.

Business » Energy | January 11, 2016, Monday // 11:57 | Viewed: 2123

Bulgaria Govt Denies South Stream Is to Be Renewed

Russia is set to continue with the South Stream pipeline project in a matter of few weeks, a Bulgarian mass circulation daily has reported.

Business » Energy | January 11, 2016, Monday // 09:57 | Viewed: 8020

Bulgaria's Overgas 'Warned EU' Russia Might Seek to Renew South Stream

Bulgaria's largest private gas supplier Overgas wrote a letter to the European Commission in December voicing his suspicion that Russia is seeking to "reanimate the South Stream project", Brussels-based website EurActiv claims.

Business » Energy | January 7, 2016, Thursday // 07:58 | Viewed: 4657

EurActiv: ”Bulgarian gas wars uncover hidden Gazprom strategies”

The decision of Russia’s Gazprom to halt gas supplies to Bulgaria’s Overgas “provided insight into the broader strategies of the Russian gas monopoly in Bulgaria, and the local interests involved,” reads an article published by EurActiv.

Business » Energy | January 6, 2016, Wednesday // 19:03 | Viewed: 4840