Business » Energy

Gazprom Moves to Swallow Greece's DEPA

The Greek government has favorably changed privatization conditions for gas company DEPA in a procedure where the sole large bidder is Russian gas giant Gazprom.

Business » Energy | May 28, 2013, Tuesday // 17:11 | Viewed: 2238

Bulgaria's Caretaker Govt: MPs Should Elect Energy Watchdog

Bulgaria's caretaker government proposes to have the Parliament elect the members of the State Commission for Energy and Water Regulation, DKEVR.

Business » Energy | May 28, 2013, Tuesday // 16:34 | Viewed: 2456

Bulgarian Energy Watchdog Freezes Prices Pending New Law

The electricity bills will not go up from 1 July, the National Commission of Energy and Water Regulation (DKEVR) announced.

Business » Energy | May 28, 2013, Tuesday // 15:43 | Viewed: 2067

EC to Bulgaria: Shut Down Inefficient Power Plants!

The European Commission has released its report on the Bulgarian energy sector, making a bleak prognosis of shrinking electricity consumption due to population decline in the next 10 years.

Business » Energy | May 28, 2013, Tuesday // 15:33 | Viewed: 2156

World Bank, EC Slam Bulgaria's Energy Sector

Non-transparency in the management of State-owned companies, a widespread sense of corruption and an insufficiently independent regulator to control the entire energy system, are just some of the findings of the World Bank.

Business » Energy | May 28, 2013, Tuesday // 14:01 | Viewed: 4230

France's GDF Suez Buys 9% Stake in Nabucco West

France's GDF Suez has agreed to buy around 9% in the Nabucco West gas pipeline project from Austria's OMV.

Business » Energy | May 28, 2013, Tuesday // 12:46 | Viewed: 2017

Unit 6 of Bulgaria's Kozloduy NPP Suffers Brief Shutdown

The turbo generator of unit six of Bulgaria's sole nuclear power plant, the Kozloduy NPP, was disconnected from the power grid Tuesday morning to fix a minor technical problem.

Business » Energy | May 28, 2013, Tuesday // 11:26 | Viewed: 1206

Concessionaire Disappointed with Bulgarian Gas Explorations

Petroceltic International has announced it might give up on natural gas explorations on the Bulgarian Black Sea coast, as it did not manage to obtain enough volume to justify commercial production.

Business » Energy | May 25, 2013, Saturday // 13:48 | Viewed: 3069

Petroceltic Abandons Bulgarian Black Sea Well

Dublin-based oil and gas explorer Petroceltic International is to abandon an exploration well off the Bulgarian coast that failed to yield enough gas to justify commercial production.

Business » Energy | May 24, 2013, Friday // 14:50 | Viewed: 7823

Bulgaria Pays BNP Paribas Loan of National Power Co

Bulgaria's National Electric Company (NEK) paid its debt of EUR 195 M to BNP Paribas on Tuesday, the maturity date, according to Mihail Andonov, CEO of the Bulgarian Energy Holding (BEH).

Business » Energy | May 22, 2013, Wednesday // 14:20 | Viewed: 2681

Bulgaria's EconMin: Legislation Can Stabilize Energy Sector

The stabilization of the energy sector will not happen without legislative changes, according to caretaker Economy and Energy Minister, Asen Vasilev.

Business » Energy | May 22, 2013, Wednesday // 13:59 | Viewed: 9371

Bulgaria's GERB: Energy Watchdog Must Be Elected by Parliament

Center-right party GERB has proposed amendments to the Energy Act stipulating that the panel of the State Commission for Energy and Water Regulation (DKEVR) should be appointed by Parliament with a 2/3 majority and not by government.

Business » Energy | May 22, 2013, Wednesday // 13:39 | Viewed: 2107

Bulgaria's PM: Surplus Is Biggest Problem of Energy Sector

Bulgaria's caretaker Prime Minister, Marin Raykov, said Wednesday that the biggest problem in the country's energy sector was the surplus production of electricity.

Business » Energy | May 22, 2013, Wednesday // 13:15 | Viewed: 3430

Nabucco West Project Member-States Adopt Joint Declaration

The governments of Austria, Hungary, Romania, Bulgaria and Turkey adopted Tuesday a joint declaration stressing the potential of Nabucco to supply the energy markets of the Western Balkans and the Visegrad group countries (Poland, Slovakia, the Czech Repu

Business » Energy | May 21, 2013, Tuesday // 16:19 | Viewed: 3724

EC: Bulgaria Has Lowest Power Tariffs in EU

Bulgaria has the lowest electricity prices in the EU, yet gas prices are among the highest in the EU27, according to recent data of the European Commission.

Business » Energy | May 17, 2013, Friday // 17:07 | Viewed: 2239

National Regulators Confirm Extension of Nabucco Third-Party Exemption

The national regulatory bodies of Austria, Hungary, Romania and Bulgaria have adopted a draft decision confirming the extension of the existing 50% exemption from EU legislation on third party access granted to Nabucco.

Business » Energy | May 14, 2013, Tuesday // 14:37 | Viewed: 2404

Bulgarians Rise against Romania Shale Gas 'Fracking' Permit

Bulgarians in the northeastern city of Dobrich are going to stage a new wave of protest rallies against the use of the hydraulic fracturing technology in neighboring Romania.

Business » Energy | May 11, 2013, Saturday // 13:21 | Viewed: 8231

Bulgarian Minister to Inspect Legality of Capacity Restrictions on Renewable Energy Plants

Caretaker Deputy Prime Minister Ekaterina Zaharieva has ordered an inspection whether the restrictions on the production of renewable energy imposed by the Electricity System Operator (ESO) are in line with Bulgarian and EU law.

Business » Energy | May 10, 2013, Friday // 19:47 | Viewed: 15788

Bulgarian-Turkish Working Groups to Speed Up Bilateral Energy Projects

Asen Vasilev, caretaker Minister of Economy, Energy and Tourism, and his Turkish counterpart Taner Yildiz have agreed on the creation of two working groups tasked with fast-tracking the main energy projects between the two countries.

Business » Energy | May 10, 2013, Friday // 18:04 | Viewed: 2227

State-Owned Bulgargaz Expects Gas Prices to Remain Unchanged in Q3, 2013

State-owned gas supplier Bulgargaz has suggested that gas prices in Q3, 2013 should remain unchanged from Q2, 2013.

Business » Energy | May 10, 2013, Friday // 15:37 | Viewed: 1703

Bulgaria's Energy Minister to Meet Turkish Counterpart in Istanbul

Bulgaria's caretaker Economy and Energy Minister Asen Vasilev and his Deputy Bozhan Stoyanov will pay a working visit to Turkey.

Business » Energy | May 9, 2013, Thursday // 13:38 | Viewed: 2090
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