Business » Energy

No Deadline Extension for Level Gauges at Bulgarian Filling Stations

The deadline for the installation of level gauging systems at filling stations' reservoirs will not be extended, with non-compliant sites facing a fine of BGN 10 000 and closure.

Business » Energy | December 15, 2011, Thursday // 09:57 | Viewed: 1213

Bulgaria Seeks to Raise BGN 78 M from EVN Unit Bourse Sale

Bulgaria will seek to rake in at least BGN 78.4 M from the sale of the government's 33% minority stake in the local unit of Austria's EVN AG, the local stock exchange said in a statement.

Business » Energy | December 14, 2011, Wednesday // 09:26 | Viewed: 1578

Bulgarian Gas Station Owners Slam New Measuring Requirements

Close to one hundred owners of filling stations have gathered for a protest rally near the Beroe stadium in the southeastern Bulgarian city of Stara Zagora to voice their discontent over the mandatory installation of fuel measuring equipment.

Business » Energy | December 13, 2011, Tuesday // 17:28 | Viewed: 1798

BA Oil Pipeline Talks Canceled on Greek Request

The meeting of the Control Board of the Burgas-Alexandroupolis oil pipeline project, scheduled in Amsterdam for Wednesday had been canceled.

Business » Energy | December 13, 2011, Tuesday // 14:04 | Viewed: 2932

18% Gas Price Increase Is Unjustified - Bulgarian Energy Watchdog Chair

The State Commission for Energy and Water Regulation (DKEVR) has opposed the request of state-owned Bulgargaz for a 18% gas price hike from January 2012, saying that it is unreasonably high.

Business » Energy | December 13, 2011, Tuesday // 13:40 | Viewed: 1382

Bulgaria's Supreme Court Upholds Contested Ordinance on Monitoring Excise Goods

Bulgaria's Supreme Administrative Court (VAS) has conclusively confirmed the legality of an ordinance setting out the requirements for the installation of measuring devices monitoring the flows of excise goods.

Business » Energy | December 13, 2011, Tuesday // 12:34 | Viewed: 1052

Chevron May Start Drilling for Shale Gas in Bulgaria 2015

US energy giants Chevron will start its exploratory drillings for shale gas in Bulgaria in 2015 if the country does not have moratorium in place abolishing shale gas exploration on its territory by then.

Business » Energy | December 13, 2011, Tuesday // 10:39 | Viewed: 2099

Sofia's Heating Utility To Invest BGN 32 M in Turbine for Co-Generation

Heating utility Toplofikatsia Sofia will invest BGN 32 M in the construction of a turbine for co-generation which will replace the depreciated facility at the Sofia Thermal Power Plant.

Business » Energy | December 12, 2011, Monday // 18:16 | Viewed: 1369

Lukoil vs. Bulgarian Customs Trial Put Off till January

The court battle between Lukoil and Bulgaria's Customs Agency over the two revoked warehouse tax operator permits of the company has once again been rescheduled for end-January.

Business » Energy | December 12, 2011, Monday // 15:55 | Viewed: 1524

Bulgaria Drags Feet on Renewable Energy Progress Report

Bulgaria's report on the total share of renewable energy sources (RES) in its energy mix may be delayed due to a terminated consultancy tender.

Business » Energy | December 12, 2011, Monday // 12:31 | Viewed: 1795

Hundreds of Bulgarians Protest against Shale Gas Exploration

Some 200 people gathered on Saturday  in Bulgaria's capital Sofia to protest against the potential shale gas exploration in the country.

Business » Energy | December 10, 2011, Saturday // 18:06 | Viewed: 1852

Bulgaria's President Pines for BA Oil Pipeline Project

Bulgaria's outgoing President Georgi Parvanov has expressed his discontent over the demise of the Burgas-Alexandroupolis oil pipeline project which the country decided to quit on Wednesday.

Business » Energy | December 10, 2011, Saturday // 15:47 | Viewed: 1275

Bulgaria Insist on as Public as Possible Shale Gas Contract - Energy Minister

The contract with US energy giant Chevron for shale gas exploration and production in Bulgaria, which is still being negotiated, will not be made fully public because there is an element of a trade secret, said Traicho Traikov, Minister of Economy, Energy

Business » Energy | December 9, 2011, Friday // 15:34 | Viewed: 1190

Burgas-Alexandroupolis Was Transit Rather Than Energy Project for Bulgaria - Energy Minister

The main reason for Bulgaria's decision to quit the Burgas-Alexandroupolis pipeline is that the initial plan for the financing of the project fell through, said Traicho Traikov, Minister of Economy, Energy and Tourism.

Business » Energy | December 9, 2011, Friday // 11:30 | Viewed: 1535

Bulgaria's Oil Pipeline Killing Won't Hurt Greece Gas Link, Govt Says

Bulgaria's withdrawal from the Burgas-Alexandroupolis oil pipeline will not affect the construction of the gas grid interconnection with Greece, according to Kiril Temelkov, CEO of state-owned Bulgartransgaz

Business » Energy | December 8, 2011, Thursday // 15:29 | Viewed: 1922

Energo-Pro Vows to Boost Investment, Slash Losses in Bulgaria

Czech company Energo-Pro, the new owner of power distributor E.ON Bulgaria, plans to increase investments and reduce technical losses in the grid.

Business » Energy | December 8, 2011, Thursday // 14:03 | Viewed: 1394

Russia Calm after Bulgaria Quits BA Pipeline, Will Seek Damages - Press

The Russian press has widely commented Thursday the Bulgarian government's decision to quit the joint Russian-Bulgarian-Greek Burgas-Alexandroupolis oil pipeline.

Business » Energy | December 8, 2011, Thursday // 11:07 | Viewed: 1518

Bulgarian Black Sea City Ecstatic over Scrapping of BA Oil Pipeline

Bulgaria's Black Sea city of Burgas has met with excitement the decision of the central government to scrap the Burgas-Alexandroupolis oil pipeline, a Bulgarian-Greek-Russian project.

Business » Energy | December 7, 2011, Wednesday // 19:15 | Viewed: 1724

Bulgaria-Greece Gas Link Ahead of Schedule - Energy Minister

Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov has dismissed as "mere speculation" allegations that Bulgaria would not receive its rightful share of EU funds for the construction of the gas grid interconnections with Romania and Greece

Business » Energy | December 7, 2011, Wednesday // 17:35 | Viewed: 1527

EVN Unit in Bulgaria Gets Ok to Become Public Co

Bulgaria's financial regulator has greenlighted the listing of the government's 33% minority stake in the local unit of Austria's EVN AG on the local stock exchange.

Business » Energy | December 7, 2011, Wednesday // 16:33 | Viewed: 1244

Russia Startled by Bulgaria's Scrapping of BA Oil Pipeline

Russia's oil company Transneft has expressed dismay at the decision of the Bulgarian government to kill the project for the Burgas-Alexandroupolis oil pipeline, according to its representatives.

Business » Energy | December 7, 2011, Wednesday // 16:07 | Viewed: 1821