Business » Energy

Europe to Rely Heavily on Russian Gas Until 2020 at Least, Fitch Says

Europe will remain heavily dependent on Russian gas supplies for at least the end of this decade and “potentially much longer”, Fitch Ratings has said.

Business » Energy | August 27, 2014, Wednesday // 15:54 | Viewed: 1392

Bulgaria Decides to Set up Energy Board

Bulgaria Decides to Set up Energy Board Bulgaria’s caretaker cabinet on Wednesday decided to set up Energy Board to step up reforms in the energy sector with the aim of boosting its transparency and market efficiency.

Business » Energy | August 27, 2014, Wednesday // 15:15 | Viewed: 1575

NEK Hikes Power Prices For Some Companies

Bulgaria's National Electricity Company (NEK) hikes the prices for companies who buy electricity from the end-user EDCs by 16%, according to an announcement on NEK's website.

Business » Energy | August 27, 2014, Wednesday // 09:01 | Viewed: 937

Russia Energy Minister, EU Energy Commissioner to Discuss South Stream

Russian Energy Minister Alexander Novak and EU Energy Commissioner Guenther Oettinger will meet in Moscow on August 29, Russia's Energy Ministry said.

Business » Energy | August 26, 2014, Tuesday // 15:07 | Viewed: 3069

Power Rate Hike Will Not Affect Big Enterprises in Bulgaria – Expert

The Chair of the Bulgarian Federation of Industrial Energy Consumers has said that a potential power price hike will not affect big enterprises due to the competitive environment.

Business » Energy | August 25, 2014, Monday // 09:38 | Viewed: 963

Bulgarian Energy Holding 'Awaiting BGN 1.45 B' from Subsidiaries

State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.

Business » Energy | August 22, 2014, Friday // 10:17 | Viewed: 2870

Oettinger Pledges Full Support for Bulgaria's Energy Board

EU Energy Commissioner Gunther Oettinger has told Deputy Prime Minister Ekaterina Zaharieva he entirely supports the establishment of an energy board in the country.

Business » Energy | August 20, 2014, Wednesday // 16:37 | Viewed: 1529

South Stream Bulgaria Halts Commissioning Activities

South Stream Bulgaria has announced it will suspended all public procurement activities and will not sign contracts related to the South Stream gas pipeline.

Business » Energy | August 20, 2014, Wednesday // 09:58 | Viewed: 1417

Bulgaria's Energy Board to Start Functioning in а Week

Bulgaria's energy board is to be structured by the end of next week, according to Ekaterina Zaharieva, caretaker Deputy Prime Minister.

Business » Energy | August 19, 2014, Tuesday // 12:57 | Viewed: 1871

South Stream Bulgaria JV Raises Capital Despite Ban

The South Stream Bulgaria project company has increased its capital in defiance of orders to the contrary issued by caretaker energy minister Vasil Shtonov.

Business » Energy | August 19, 2014, Tuesday // 11:48 | Viewed: 1740

Bulgarian Miners Urge Caretaker PM to Lift Shale Gas Ban

Bulgarian miners have asked caretaker Prime Minister Georgi Bliznashki to lift the ban on shale gas extraction through hydraulic fracturing.

Business » Energy | August 18, 2014, Monday // 17:04 | Viewed: 1114

Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East

Bulgaria will launch talks with green energy producers and power stations Maritsa Iztok 1 and 3 to draft a new model for setting electricity prices, a cabinet minister has said.

Business » Energy | August 18, 2014, Monday // 15:09 | Viewed: 1399

Ex PM: Socialist-Led Govt Had to Address Energy Collapse in mid-2013

Former Bulgarian Prime Minister Plamen Oresharski has insisted that the previous socialist-led government paid special attention to the energy sector.

Business » Energy | August 18, 2014, Monday // 13:46 | Viewed: 876

Electricity Price Hike Inevitable Warn Experts

The hike of electricity prices, in a sense, is inevitable, the ex-deputy chair of the parliamentary energy committee Yavor Koyumdzhiev told the Nova TV national channel.

Business » Energy | August 16, 2014, Saturday // 12:23 | Viewed: 2209

Westinghouse: Kozloduy Unit 7 Price Is Below 10% Of Bulgaria's GDP

The estimated price of Unit 7 of Bulgaria's Kozloduy NPP would be below 10% of the country's GDP, said Westinghouse Electric in a statement.

Business » Energy | August 16, 2014, Saturday // 11:35 | Viewed: 1757

Bulgaria's Energy Watchdog to Become Parliamentary Structure

Vasil Shtonov, caretaker Energy Minister, has informed that the State Commission for Energy and Water Regulation (DKEVR) may be moved from the government to Parliament.

Business » Energy | August 15, 2014, Friday // 17:52 | Viewed: 1431

1st Pipes for South Stream Gas Pipeline Section Delivered to Varna

The first batch of pipes for the South Stream gas pipeline has been delivered by German company Eurotype to the Port of Varna.

Business » Energy | August 15, 2014, Friday // 12:50 | Viewed: 1826

Bulgaria's Caretaker Govt Starts Reshuffle at Energy Companies

Bulgaria's caretaker government has initiated a reshuffle at key energy companies.

Business » Energy | August 15, 2014, Friday // 11:53 | Viewed: 3032

South Stream May Stay in Limbo for Years, Analysts Say

The South Stream pipeline project designed to carry Russian natural gas to the European Union bypassing Ukraine will probably remain on hold for years, Bloomberg has reported.

Business » Energy | August 14, 2014, Thursday // 18:11 | Viewed: 3819

Ukraine's Parliament Passes Sanctions On Russia, Could Hurt EU

Ukraine’s Parliament has approved at first reading an anti-Russian sanctions package that includes 29 measures, reports RT.com

Business » Energy | August 12, 2014, Tuesday // 16:17 | Viewed: 3656

Iran Ready to Bring Gas Supplies to Europe via Nabucco

Iran has expressed willingness to supply gas to Europe via the Nabucco gas pipeline.

Business » Energy | August 11, 2014, Monday // 16:56 | Viewed: 1773