Business » Energy

US Company Confirms Sizeable Shale Gas Discovery in Bulgaria

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).

Business » Energy | November 22, 2010, Monday // 23:14 | Viewed: 2924

Key Bulgarian Projects Seem to Be 'Off the List' for Chevron, Westinghouse

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.

Business » Energy | November 22, 2010, Monday // 17:11 | Viewed: 1590

US Ambassador: Bulgaria's Renewable Energy Law Key for AES Investment Plans

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).

Business » Energy | November 22, 2010, Monday // 16:08 | Viewed: 2293

EC Admits South Stream, Nabucco Rivalry

The competition between the South Stream and the Nabucco gas pipelines was admitted by EU Energy Commissioner Guenther Oettinger.

Business » Energy | November 22, 2010, Monday // 15:32 | Viewed: 1495

Bulgaria Excited about Nabucco after Turkmenistan's Generous Offer

Bulgaria's Foreign Ministry insists on fast progress on the construction of the Nabucco gas transit pipeline after at the end of last week Turkmenistan announced it was ready to provide the project with more natural gas that it can handle.

Business » Energy | November 22, 2010, Monday // 14:56 | Viewed: 1987

Turkmenistan Says to Give EU More Gas than Nabucco Can Handle

Turkmenistan is ready to provide the EU with some 40 billion cubic meter of natural gas annually for the Nabucco gas pipeline project.

Business » Energy | November 19, 2010, Friday // 19:09 | Viewed: 1893

Inter RAO Eyes Enel's Bulgaria Coal-Fired Plant, Wind Parks - Report

Russia's state power trader Inter RAO wants to acquire not only the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, but also its wind parks near the Black Sea coast, according to reports.

Business » Energy | November 19, 2010, Friday // 09:57 | Viewed: 1992

Bulgaria's CEZ Faces Tough Choices over Renewable Energy Growth

Czech-owned power utility CEZ says it needs approval from the state for larger-scale investments in order to keep up with the growing number of requests for including new renewable energy plants into the power distribution network.

Business » Energy | November 18, 2010, Thursday // 18:43 | Viewed: 1415

Bulgaria Govt with New Scenario for Energy Holding Future

Bulgaria's government is considering yet another scenario how to restructure the energy holding, which groups the country's top energy assets, a member of the ruling party has announced.

Business » Energy | November 18, 2010, Thursday // 17:22 | Viewed: 1424

Slovenia Hails Progress of Russian South Stream Pipeline

Several days after the future of the South Stream gas transit pipeline emerged more certain as Bulgaria and Russia signed a respective deal, Slovenia's President Danilo Turk hailed the progress of the project in Moscow.

Business » Energy | November 18, 2010, Thursday // 11:18 | Viewed: 1408

Energy Minister: Russia Wants to Build Luxury NPP in Bulgaria

Russia has requested the maximum possible price for the Belene NPP project in Saturday's negotiations, revealed Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.

Business » Energy | November 16, 2010, Tuesday // 16:04 | Viewed: 1343

Bulgaria Confirms It Will Request Derogation on South Stream from EC

Bulgaria will ask the European Commission for a derogation, so that a substantial part of the South Stream pipe be used only by shareholders, confirmed energy minister Traicho Traikov Tuesday.

Business » Energy | November 16, 2010, Tuesday // 15:51 | Viewed: 1453

Bulgaria Picks HSBC for Belene Nuclear Plant Consultant

The Bulgarian Energy Holding has picked HSBC, one of UK's biggest banks, for a consultant to help it decide how to proceed and attract new investors for the planned Belene nuclear power plant, the energy minister said.

Business » Energy | November 16, 2010, Tuesday // 14:24 | Viewed: 3998

Bulgaria PM Confirms Pull Out of Oil Pipeline Project

Bulgaria's prime minister has reiterated his determination to abandon the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and environmentally unfriendly.

Business » Energy | November 16, 2010, Tuesday // 12:55 | Viewed: 1520

Bulgaria to Amend Russian South Stream Deal to Fit EU Law

Bulgaria is to amend its original 2008 South Stream gas transit pipeline deal with Russia in accordance with what is described as "advice" from the European Commission.

Business » Energy | November 15, 2010, Monday // 16:00 | Viewed: 1709

Bulgarian Energy Minister: EUR 7 B Unrealistic Price for Belene Nuclear Power Plant

The Bulgarian government will not accept a final price of EUR 7 B for the Belene Nuclear Power Plant project, Bulgarian Economy andEnergy Minister Traicho Traikov, stated.

Business » Energy | November 15, 2010, Monday // 13:11 | Viewed: 1568

Bulgarian Energy Minister: Russia 'Ready to Sponsor' South Stream

In case Bulgaria faces problems with the financing of its section of the South Stream gas line, Russia can secure an advance amount, without having the right to obtain shares and assets.

Business » Energy | November 15, 2010, Monday // 12:58 | Viewed: 1747

Russian Press Downplays South Stream Contract with Bulgaria

Russia made a step towards the realization of the South Stream gas line Saturday, but actual construction will not start for years, the Moscow daily "Nezavisimaya Gazeta" writes Monday.

Business » Energy | November 15, 2010, Monday // 10:54 | Viewed: 1550

Talks on Russian Gas Prices for Bulgaria Imminent

Talks on gas prices between Bulgaria's "Bulgargaz" and the Russian energy giant "Gazprom" are happening as early as this week, according to the CEO of the Bulgarian Energy Holding (BEH), Maya Hristova.

Business » Energy | November 15, 2010, Monday // 10:18 | Viewed: 1707

Bulgarian PM: Russian Gas for Bulgaria Will Be Cheaper

Bulgarian PM Boyko Borisov has stated that his country will be buying Russian gas at lower prices, just a day after talks with Russian PM Vladimir Putin appeared to end at stalemate on that matter.

Business » Energy | November 14, 2010, Sunday // 15:24 | Viewed: 1906

Bulgaria Helps South Stream Stride in Europe - Russian Media

"South Stream Makes Major Step in Europe" - this is the headline of Russian daily Vesti commenting on Russian PM Vladimir Putin's Saturday visit to Sofia.

Business » Energy | November 14, 2010, Sunday // 14:57 | Viewed: 1566