Business » Energy

Burgas-Alexandroupolis Oil Pipeline Gets Further 2-Month Delay

The highly controversial project for the construction of the Burgas-Alexandroupolis oil pipeline has been delayed further as the Bulgarian Environment Ministry has returned the company’s environmental assessment report for the second time.

Business » Energy | June 23, 2011, Thursday // 09:26 | Viewed: 2545

Bulgaria Starts Decommissioning of Kozloduy NPP Units 1, 2

The first operation of the planned decommissioning of Units 1 and 2 at the Kozloduy NPP has started, the Radioactive Waste State-owned Company has announced.

Business » Energy | June 23, 2011, Thursday // 09:20 | Viewed: 1869

Bulbrokers to Broker EVN Bulgaria Stake Sale, CCBank - CEZ

Bulbrokers, a local financial and investment company, has been picked to broker Bulgaria's 33% stake sale in Austria's EVN AG unit, while Central Cooperative Bank - the same government's share in Prague-based CEZ AS unit.

Business » Energy | June 22, 2011, Wednesday // 14:43 | Viewed: 1639

Bulgarian Energy Watchdog Announces Electric Price Hike

The average price increase of electric power in Bulgaria for household consumers is going up by 1% effective July 1, 2011.

Business » Energy | June 22, 2011, Wednesday // 14:22 | Viewed: 1680

Bulgaria Stages Emergency Electricity Exports to Greece over Strike

Bulgaria's Electricity System Operator (ESO) has carried out an emergency export of electricity to Greece at the request of its Greek counterpart HTSO because of a strike at Greece's Public Power Corporation DEI.

Business » Energy | June 21, 2011, Tuesday // 17:45 | Viewed: 1473

Overgas, Bosch Join Efforts on Household Gasification in Bulgaria

Bulgaria's gas distribution company Overgas has signed a contract with Germany's Bosch for mutual cooperation in the sphere of household gasification.

Business » Energy | June 21, 2011, Tuesday // 13:01 | Viewed: 1206

Bulgarian Energy Watchdog Proposes 4% Gas Price Increase

The price of natural gas in Bulgaria should go up by slightly over 4%, announced Tuesday Angel Semerdzhiev, head of the State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | June 21, 2011, Tuesday // 12:15 | Viewed: 1241

Russian Media: Bulgaria Plays Daredevil over Belene Delay

Bulgaria does not seem scared by the prospect of being taken to arbitration by the Russian contractor Rosatom as it plans to miss the July 1 deadline for signing a final agreement for the construction of Belene nuclear plant, Russian media comments.

Business » Energy | June 20, 2011, Monday // 12:31 | Viewed: 1951

Bulgaria Wants to Freeze Belene Nuclear Project Again

Bulgaria has demanded that Belene nuclear project is frozen for another three months as of July, the energy and economy minister announced on Friday.

Business » Energy | June 17, 2011, Friday // 11:37 | Viewed: 2359

5 Bidders Seek to Broker CEZ Bulgaria Stake Sale, 7 – EVN

Five financial companies have submitted bids to broker Bulgaria's 33% stake sale in Prague-based CEZ AS unit, while seven – the same government's share in Austria's EVN AG, the country's sale body said.

Business » Energy | June 16, 2011, Thursday // 19:29 | Viewed: 1649

Bulgarian Govt Grants Chevron Massive Shale Gas Exploration Concession

Bulgaria's Cabinet has formally decided to award a large-scale concession for shale gas exploration to US energy giant Chevron.

Business » Energy | June 15, 2011, Wednesday // 15:36 | Viewed: 3489

95% of Italians Summarily Reject Nuclear Power

Italian PM Silvio Berlusconi has conceded its defeat at a referendum on the reintroduction of nuclear energy to the country.

Business » Energy | June 14, 2011, Tuesday // 08:29 | Viewed: 4227

Bulgaria Signs Up Westinghouse to Help Extend Life of NPP Kozloduy

The Bulgarian Energy Holding (BEH) and Westinghouse have signed a cooperation memorandum under which the US energy giant commits to helping extend the life of Units 5 and 6 of Bulgaria's Kozloduy NPP.

Business » Energy | June 13, 2011, Monday // 18:29 | Viewed: 3788

Russian Ambassador to Bulgaria: South Stream Will Be Ready 2015

The first natural gas will flow in the South Stream pipeline no later than end of 2015, stated Russian ambassador to Bulgaria Yuriy Isakov.

Business » Energy | June 11, 2011, Saturday // 18:44 | Viewed: 1904

Bulgarian Socialists Turn Green over Shale Gas

MPs from the main opposition Bulgarian Socialist Party have demanded that the government impose a moratorium on all shale gas drilling in Bulgaria over concerns about its hazardous environmental effects.

Business » Energy | June 11, 2011, Saturday // 15:20 | Viewed: 2508

Analyst: Bulgarian Energy Policy Is Strategically Inept

Bulgaria's energy policy systematically goes against global trends and will prove to the detriment of the country, argued political scientist Ognyan Minchev.

Business » Energy | June 11, 2011, Saturday // 12:23 | Viewed: 1583

Bulgargaz Demands 7% Hike of Bulgarian Natural Gas Prices

Bulgaria’s state monopoly Bulgargaz has declared that natural gas prices in the country should be increased by 6.

Business » Energy | June 10, 2011, Friday // 16:37 | Viewed: 1317

Russia Comes Up with New Ultimatum on Bulgaria's Belene NPP

If a contract on the construction of Belene, Bulgaria's second nuclear power plant, is not signed by July 1, the project will become useless, a Russian official has said.

Business » Energy | June 9, 2011, Thursday // 19:28 | Viewed: 1812

Bulgaria Plans to Start Exporting Electricity to Turkey in July

Bulgaria and Turkey have agreed to speed up the construction of a gas grid interconnection between the two countries, Bulgarian Energy Minister Traicho Traikov said Thursday after a meeting with Turkish counterpart Taner Yildiz.

Business » Energy | June 9, 2011, Thursday // 17:52 | Viewed: 1840

Nabucco 'Legally Finalized' as Transit States Sign Project Support Agreements

The legal framework for the Nabucco gas pipeline has been finalized as the five transit countries - Austria, Bulgaria, Hungary, Romania and Turkey – have signed Project Support Agreements (PSAs) with the Nabucco Consortium.

Business » Energy | June 8, 2011, Wednesday // 15:00 | Viewed: 2928

Finance Minister Confirms Ongoing Probe of Lukoil Bulgaria

The Bulgarian Customs Agency is conducting inspections at a number of companies in the fuel sector, including Lukoil, the biggest player on the market, according to Deputy Prime Minister and Finance Minister Simeon Djankov.

Business » Energy | June 8, 2011, Wednesday // 12:45 | Viewed: 1796