Business » Energy

Bulgaria Launches Tenders for Oil, Gas Exploration Rights at Silistar, Teres Blocks

The tenders for oil and natural gas exploration rights for Block 1-14 Silistar and Block 1-22 Teres, two exploration blocks located in Bulgaria's Black Sea continental shelf and exclusive economic zone, are underway.

Business » Energy | April 20, 2015, Monday // 17:40 | Viewed: 2028

Bulgaria Set to Open Soon Licensing Round for Black Sea Oil, Gas - Reuters

Bulgaria, which aims to reduce its almost total dependence on Russian gas supplies, will soon publish details of a licensing round to open the Silistar and Teres oil and gas blocks in the Black Sea, a senior government official has said.

Business » Energy | April 15, 2015, Wednesday // 19:25 | Viewed: 1822

Turkish Stream Route Might Be Extended - Russia Energy Min

Greece, Macedonia, Sergia, Hungary and Austria might be included into the route of the so-called "Turkish Stream" pipeline project, Russian Energy Minister Alexander Novak has said.

Business » Energy | April 15, 2015, Wednesday // 11:22 | Viewed: 3121

Bulgaria's Energy Minister Mulls Levying Energy Exports

Electricity generated for exports and for the domestic market should be equally levied with the "liabilities to society" tax, Bulgarian Energy Minister Temenuzhka Petkova has said.

Business » Energy | April 14, 2015, Tuesday // 12:01 | Viewed: 1491

Russia Likely to End Gas Transit via Ukraine in 2019

It is very likely for Russia to renounce transportation of gas through the network of Ukraine, Russian Economy Minister Alexander Novak has said.

Business » Energy | April 14, 2015, Tuesday // 08:44 | Viewed: 1793

Unit 5 of Bulgaria's Kozloduy NPP Shuts for Annual Overhaul

Unit 5 of Bulgaria's Kozloduy nuclear power plant (NPP) was shut on Saturday for a planed annual overhaul.

Business » Energy | April 11, 2015, Saturday // 13:47 | Viewed: 1548

Framework Power Price Deal with Bulgaria Is ‘Win-Win Proposition’, AES Says

US-based AES has welcomed the agreement it signed with Bulgaria to amend the long-term power purchase contract which its Bulgarian power plant AES 3C Maritza East 1 has with state-owned National Electricity Company (NEK).

Business » Energy | April 9, 2015, Thursday // 19:10 | Viewed: 1659

ContourGlobal Hails Power Price Deal with Bulgaria

US-based ContourGlobal on Thursday hailed the deal it had signed with the government in Sofia ahead of the planned change in the electricity purchase agreement for its Bulgarian power plant.

Business » Energy | April 9, 2015, Thursday // 17:21 | Viewed: 1753

EU Allocates Funding for Feasibility Study of Bulgaria-Turkey Gas Interconnector

The state-owned natural gas transmission operator Bulgartransgaz was awarded EU funding for pre-investment feasibility study of the planned interconnector between Bulgaria and Turkey.

Business » Energy | April 9, 2015, Thursday // 17:11 | Viewed: 2161

Bulgaria Electricity Company to Save BGN 1 B after Amending Contracts with US-Owned TPPs

Bulgaria’s National Electricity Company (NEK) has signed agreements with US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP under which it will pay BGN 1 B less to the TPPs over the next 10 years.

Business » Energy | April 8, 2015, Wednesday // 13:24 | Viewed: 2062

Bulgaria Opposition Blames PM for Not Attending Budapest Energy Talks

Bulgaria's Prime Minister should explain why no government official was present at the energy meeting held by ministers of Eastern European countries, the opposition believes.

Business » Energy | April 8, 2015, Wednesday // 13:12 | Viewed: 1458

Bulgaria’s Electricity Company, US-Owned TPPs to Approve Changes to Long-Term Contracts

Bulgaria’s National Electric Company (NEK) and the two US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP are to sign agreements Wednesday on amending the existing long-term contracts.

Business » Energy | April 8, 2015, Wednesday // 09:06 | Viewed: 1553

Westinghouse to Continue Talks with Bulgaria over Kozloduy NPP's Unit 7

US-based Westinghouse Electric Company said on Thursday it agreed to discuss a new timetable and structure of the project to build Unit 7 of Bulgaria's Kozloduy nuclear plant.

Business » Energy | April 2, 2015, Thursday // 17:40 | Viewed: 2230

Bulgaria Parliament Appoints Ivan Ivanov Energy Watchdog Head

Ivan Ivanov, the single candidate to become the chair of Bulgaria's energy regulator KEVR, has now been picked by Parliament to take over the body.

Business » Energy | April 2, 2015, Thursday // 13:39 | Viewed: 1242

US Delegation Meeting Bulgaria's Energy Minister

A US delegation has arrived at the Bulgarian Energy Ministry for negotiations, the ministry has confirmed.

Business » Energy | April 2, 2015, Thursday // 11:43 | Viewed: 1408

Bulgaria Cannot Uphold Agreement on Kozloduy NPP Unit 7 with US Westinghouse - PM

Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.

Business » Energy | April 1, 2015, Wednesday // 15:48 | Viewed: 2498

Bulgaria’s Gorna Arda Hydropower Complex Project Not Frozen

The Gorna Arda hydropower complex project has not been frozen despite the fact that the launch of construction works has been delayed for almost a year.

Business » Energy | March 31, 2015, Tuesday // 09:05 | Viewed: 1174

Construction of Gas Interconnector Greece-Bulgaria May Start in March 2016

The construction of the second Bulgaria-Greece gas pipeline interconnection (IGB Pipeline) may start in March 2016, according to reports of Bulgaria’s Energy Ministry.

Business » Energy | March 30, 2015, Monday // 14:55 | Viewed: 2141

Bulgargaz CEO Anticipates 13% Gas Price Decrease from April, 10% Decrease from July

Petyo Ivanov, CEO of Bulgaria’s state-owned gas supplier Bulgargaz, has said that gas rates are expected to drop by around 13% from April, with a possibility for a new price decrease of up to 10% in July.

Business » Energy | March 30, 2015, Monday // 09:59 | Viewed: 1198

Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO

The Bulgarian project company established for the Burgas-Alexandroupolis oil pipeline, which was suspended several years ago, will undergo a senior-level reshuffle as of March 31.

Business » Energy | March 27, 2015, Friday // 19:43 | Viewed: 1488

Bulgarian Energy Ministry to Review Westinghouse Contract

The agreement between Bulgarian government and the US-based company Westinghouse regarding the construction of a seventh block to the Kozlodui nuclear power plant will be reviewed.

Business » Energy | March 26, 2015, Thursday // 15:49 | Viewed: 1730