Business » Energy

Drilling at Bulgaria’s Khan Asparuh Block Delayed Until 2016

Hydrocarbon drilling at Bulgaria’s Khan Asparuh  Black Sea block will be delayed by up to a year due to the slump in global oil prices, the international consortium holding the exploration licence has decided.

Business » Energy | December 16, 2014, Tuesday // 08:02 | Viewed: 1422

Bulgaria Sends Gas Hub Proposal to European Commission

Bulgaria has sent to the European Commission an official proposal for the construction of a gas hub on the territory of the country.

Business » Energy | December 12, 2014, Friday // 17:13 | Viewed: 1467

Bulgaria’s Energy Watchdog Serves Corporate Interests – Ex Minister

Dragomir Stoynev, MP from the Bulgarian Socialist Party (BSP) and former Energy Minister, has accused the Chair of the State Commission for Energy and Water Regulation (DKEVR) of protecting the interests of power distributors.

Business » Energy | December 12, 2014, Friday // 16:02 | Viewed: 717

EU Receives Russian Confirmation of South Stream Demise

Russian Energy Minister Alexander Novak has told EU official Maros Sefcovic that Moscow will no longer pursue the South Stream project, the Commission says.

Business » Energy | December 11, 2014, Thursday // 22:10 | Viewed: 1592

Interconnectors 'Could Cover Bulgaria's Gas Needs,' BEH Says

Bulgaria's interconnections with neighboring countries could entirely meet the need of natural gas if the regular flow is disrupted, according to the Bulgarian Energy Holding (BEH).

Business » Energy | December 11, 2014, Thursday // 21:56 | Viewed: 949

Russian Duma Chairman: West Treated Bulgaria Like Colony

The Chairman of the Russian State Duma Sergey Naryshkin said that the West had treated Bulgaria as a colony in case of the South Stream pipeline, not respecting the country's economic interests.

Business » Energy | December 11, 2014, Thursday // 17:28 | Viewed: 1138

Westinghouse Advertises Project for Kozloduy NPP Unit 7 to Bulgarian MEPs

US-based Westinghouse Electric Company has presented a project for the expansion of the Kozloduy nuclear power plant to the Bulgarian representatives at the European Parliament and to EU policy specialists.

Business » Energy | December 11, 2014, Thursday // 13:53 | Viewed: 1185

Ex Energy Minister: Bulgaria Should Stop ‘Playing Ostrich’ over Shale Gas

Delyan Dobrev, former Energy Minister and MP of center-right party GERB, has insisted that it is time Bulgaria stopped “playing ostrich” as regards shale gas.

Business » Energy | December 11, 2014, Thursday // 08:43 | Viewed: 1179

Turkish FM Declares EU-Backed TANAP Pipeline Priority Project

The Turkish Foreign Minister Mevlut Cavusoglu announced that the Trans Anatolian Natural Gas Pipeline (TANAP), part of the EU-backed Southern Gas Corridor, is the priority project of Turkey.

Business » Energy | December 10, 2014, Wednesday // 21:51 | Viewed: 1601

PM Proposes EU to Finance Gas Hub at Bulgaria's Entrance of South Stream

The Bulgarian government will propose to the European Union to finance the construction of a gas hub at the entrance of the South Stream pipeline on Bulgarian territory, from which the Russian raw material is to be distributed to the other European countr

Business » Energy | December 10, 2014, Wednesday // 20:06 | Viewed: 2230

South Stream Bulgaria Keeps Working on Gas Pipeline Project - CEO

South Stream Bulgaria keeps working on the gas pipeline project, according to Dimitar Gogov, CEO of the company.

Business » Energy | December 10, 2014, Wednesday // 14:18 | Viewed: 1486

Vertical Gas Corridor connecting Bulgaria, Greece, Romania to Carry 3-5 bcm a Year

The Vertical Gas Corridor connecting the gas grids of Bulgaria, Greece, and Romania, will have a capacity of 3-5 billion cubic meters a year, according to reports of Greece’s Energy Ministry.

Business » Energy | December 10, 2014, Wednesday // 09:40 | Viewed: 1471

Bulgaria’s Deputy PM Demands Unambiguous EU Stance on South Stream

Tomislav Donchev, Deputy Prime Minister in charge of EU Funds and Economic Policy, has informed that European Commission Vice-President Maroš Šefčovič has been tasked with elucidating Russia’s unofficial stance on the South Stream project.

Business » Energy | December 9, 2014, Tuesday // 19:50 | Viewed: 1119

Bulgaria, Greece, Romania to Develop Regional Gas Infrastructure

Bulgaria, Greece, and Romania have signed a contract on cooperation in the development of regional gas infrastructure.

Business » Energy | December 9, 2014, Tuesday // 17:58 | Viewed: 2068

EU Energy Ministers to Discuss South Stream on Tuesday

The EU's Transport, Telecommunications and Energy Council is set to meet in Brussels on Tuesday, with the latest developments around the South Stream pipeline topping the agenda.

Business » Energy | December 9, 2014, Tuesday // 08:16 | Viewed: 949

Left-Wing ABV: South Stream Could Be Redirected through Nabucco Route

Bulgarian President (2002-2012) and ABV leader Georgi Parvanov has proposed that the South Stream pipeline undergo a second change in route to use the one planned for the Nabucco pipeline.

Business » Energy | December 9, 2014, Tuesday // 07:44 | Viewed: 1208

Bulgaria May Lose EUR 12 M Used for Expansion of Spent Nuclear Fuel Storage Unit

There is a risk of the European Commission asking Bulgaria to return the sum of EUR 12 M used for the expansion of the Dry Spent Fuel Storage Facility (DSFSF), according to Energy Minister Temenuzhka Petkova.

Business » Energy | December 8, 2014, Monday // 16:29 | Viewed: 1193

Bulgaria to Insist on South Stream Construction - PM

The Bulgarian government will insist that EU and Russia should go on with the South Stream project on Tuesday, Prime Minister Boyko Borisov has said.

Business » Energy | December 8, 2014, Monday // 12:22 | Viewed: 1404

Bulgaria 'Not Losing' over South Stream Demise

South Stream Bulgaria head Dimitar Gogov has downplayed recent comments that Sofia would suffer thousands of millions of BGN in losses after the gas pipeline project was suspended last week.

Business » Energy | December 8, 2014, Monday // 10:23 | Viewed: 1152

Serbia Is Preparing Project for Gas Grid Interconnection with Bulgaria

Serbia is preparing the tender documents for the gas grid interconnection with Bulgaria, according to Energy Minister Aleksandar Antic.

Business » Energy | December 7, 2014, Sunday // 14:20 | Viewed: 1787

Bulgaria’s Ex PM Oresharski Rejects Blame for South Stream Suspension

Former Bulgarian Prime Minister Plamen Oresharski has described the suspension of the South Stream gas pipeline project as a loss to Europe, the region, and Bulgaria, stressing that his Cabinet is not to blame for that turn of events.

Business » Energy | December 7, 2014, Sunday // 13:43 | Viewed: 1782