The presidents of Turkmenistan and Iran, Gurbanguly Berdimuhamedov and Mahmoud Ahmadinejad, launched Sunday the new Hangeran-Sangbast natural gas pipeline.
Bulgaria's government will list in two or three months its 33% minority stake in E.ON, one of the three power distributors in the country, to enliven the local stock exchange and boost revenues, the finance minister announced.
American energy giant AES is expecting the adoption of Bulgaria's law on renewable energy in order to go ahead with its planned major solar park investment, AES Country Manager for Bulgaria Peter Lithgow told Novinite.com (Sofia News Agency).
Bulgaria will not succumb to the Russian demand to decide whether it will the building of the Belene Nuclear Power Plant by the spring, according to Bulgarian PM Boyko Borisov.
Bulgaria has time until the spring to decide on its participation in the Belene Nuclear Power Plant and sign a contract with Russia for the creation of a project campaign, Sergey Kiriyenko, CEO of the Russian state nuclear energy corporation Rosatom, said
The Bulgarian government is planning 6 new bids for gas exploration in the near future, as Diana Yaneva from the Ministry of Economy has told Novinite.com (Sofia News Agency).
Major oil companies such as Total and Anadarko did not find the bid to explore for oil in the Bulgarian Black Sea attractive, Diana Yaneva from the economy ministry told Novinite.com (Sofia News Agency).
The announcement of Turkmenistan that it is ready to provide natural gas for the Nabucco gas transit pipeline is a "remarkable step," according to Christian Dolezal, Spokesperson of the Nabucco Consortium.
The construction of Bulgaria's second nuclear power plant at Belene will make sense for the country if it gets long-term contracts for exporting electricity, according to a report of the National Electric Company NEK.
Participation in Bulgaria's second nuclear power plant at Belene will be unfeasible for Serbia, according to an article of Serbian newspaper Politika.
At least two bidders have declared interest in the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, the company's chief executive announced.
Russian mining and steel conglomerate Mechel OAO has acquired another 51% stake in the heating and power plant in the Danube town of Russe, northern Bulgaria, boosting its interest to 100%.
Bulgaria's Cabinet is Bulgaria's Cabinet is working to convince the EU that the EUR 1.3 B that the country will have to pay for the construction of the Nabucco gas transit pipeline should be counted as part of its budget deficit.
Bulgaria's Foreign Minister Nikolay Mladenov has declared firm support for the realization of the Nabucco gas transit pipeline project in a meeting with management of the Nabucco Consortium in Vienna.
Czech-owned power utility CEZ, which provides electricity to Western Bulgaria, has announced that the energy watchdog did not have the right to get involved in the company’s relations with its investors.
Serbia has officially stated its interest in becoming one of the investors in Bulgaria's project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene.
Austrian companies have shown interest in taking part in the project to build a second Bulgarian Nuclear Power Plant (NPP) in the Danube town of Belene.
Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) is planning to fine Czech-owned power utility CEZ because it delayed the purchase of equipment, built by the business, for connection to the electricity transmission network.
Some 300 B cubic meters of shale gas are lying untapped in central northern Bulgaria, Direct Petroleum manager for Bulgaria Kolyo Tonev has confirmed for Novinite.com (Sofia News Agency).
Two potentially major energy projects in Bulgaria – the Burgas-Alexandroupolis oil pipeline and new reactors at the Kozloduy NPP – appear to be "off the list" for leading US companies Chevron and Westinghouse, senior diplomats have indicated for Novinite.
Bulgaria's renewable energy legislation needs to be harmonized with EU laws in order to attract major foreign investors such as AES, US Ambassador in Sofia James Warlick told Novinite.com (Sofia News Agency).
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