Business » Energy

Bulgaria's Gas Supplier Offers 17.61% Price Hike in Q1 2012

Natural gas in Bulgaria should cost BGN 699.05 per 1000 cubic meters, VAT excluded, in Q1 2012, or 17.61% over the Q4 2011, according to preliminary estimates of Bulgargaz.

Business » Energy | November 14, 2011, Monday // 18:01 | Viewed: 1359

Energy Tops Bulgarian President Visit to Azerbaijan

The energy sector will be topping the agenda of outgoing Bulgarian President Georgi Parvanov during his official visit to Azerbaijan.

Business » Energy | November 14, 2011, Monday // 09:04 | Viewed: 1110

Bulgaria Moves to Increase Capacity of Its Kozloduy NPP

Bulgarian Kozloduy nuclear power plant will increase the capacity of its two working units to 104%, which will increase the output of each reactor to 1100 MW.

Business » Energy | November 13, 2011, Sunday // 16:08 | Viewed: 1446

Bulgarian Nuclear Plants Pass Stress Tests

Bulgaria's single Kozloduy NPP, as well as the projected Belene NPP, have passed stress tests, according to information released by the Bulgarian News Agency Saturday.

Business » Energy | November 12, 2011, Saturday // 18:59 | Viewed: 1766

Bulgarian President on Azerbaijan Visit to Finalize Natural Gas Deal

Bulgarian President Georgi Parvanov will make an official visit to Azerbaijan Monday to finalize a deal to purchase 1 B cubic meters of Azeri natural gas for Bulgaria's demands.

Business » Energy | November 12, 2011, Saturday // 13:22 | Viewed: 1584

Bulgaria Seeks Permission for Environmental Study Before Allowing Shale Gas Drilling

Bulgaria has asked the European Commission to allow an additional in-depth environmental impact study to be carried out before the launch of shale gas drilling in the country, according to Environment Minister Nona Karadzhova.

Business » Energy | November 11, 2011, Friday // 15:59 | Viewed: 1877

Bulgaria's Competition Watchdog Fails to Find Evidence of Fuel Cartel Agreement

Three months after launching an investigation into a possible fuel price-fixing cartel, the Bulgarian Commission on Protection of Competition (KZK) concluded that there was no evidence of concerted practices among the four major players on the market.

Business » Energy | November 10, 2011, Thursday // 15:03 | Viewed: 1538

Lukoil vs Bulgaria's Customs Agency Trial Gets Third Postponement

The two trials for Lukoil's suspended tax warehouse operator permits at the Administrative Court Sofia City (ACSC) have once again been rescheduled.

Business » Energy | November 9, 2011, Wednesday // 15:11 | Viewed: 1567

Bulgaria Topped Indicative, Interim Green Energy Targets in 2010

Bulgaria's Minister of of Economy, Energy and Tourism boasted on Monday that the country had outperformed its interim and indicative targets on renewable energy and energy saving.

Business » Energy | November 7, 2011, Monday // 16:10 | Viewed: 1527

Greece Excited by Bulgaria's Approval of BA Oil Pipeline

Reactions in Greece to Bulgaria's go-ahead to next phase of environmental assessment of the Burgas-Alexandroupolis oil pipeline have been expectedly positive.

Business » Energy | November 6, 2011, Sunday // 08:59 | Viewed: 1959

Bulgaria Gives Long-Awaited Green Light to Burgas-Alexandroupolis Pipeline

Bulgaria's Environment Ministry has issued a positive ruling on the paperwork submitted to it by "Trans-Balkan Pipeline" for the Environmental Impact Assessment (EIA) of the Burgas-Alexandroupolis oil pipeline project.

Business » Energy | November 4, 2011, Friday // 09:20 | Viewed: 3099

Bulgaria to Award Deepwater Drilling Permit for 2nd Block on Black Sea Shelf

Bulgaria is about to auction off a second stretch of its Black Sea shelf for deepwater oil and gas drilling.

Business » Energy | November 2, 2011, Wednesday // 18:43 | Viewed: 4521

Russian Lukoil Considers Buying Wind Turbine Park in Bulgaria

Lukoil plans to acquire a 20 MW wind turbine park in Bulgarian a deal worth EUR 50 M, according to reports of Russian media.

Business » Energy | November 2, 2011, Wednesday // 16:51 | Viewed: 2080

Bulgarian Renewable Energy Systems Built with EU Funding to Sell Power at Preferential Rates

Renewable energy systems built with funding from the European Union will sell energy at preferential prices, according to proposed amendments to the Ordinance on Regulation of Electricity Prices.

Business » Energy | November 1, 2011, Tuesday // 12:13 | Viewed: 2557

Will Bulgaria's New President Kill Russia's Energy Projects?

Key Russian papers have been busy speculating about the degree of aversion on the part of Bulgarian president-elect Rosen Plevneliev to joint Russian-Bulgarian energy projects.

Business » Energy | November 1, 2011, Tuesday // 12:00 | Viewed: 2005

Bulgarian Govt Stalls BA Pipeline Decision by 1 More Week

Bulgaria's Environment Ministry has postponed by one addition week its final decision on the fate of the troubled Burgas-Alexandroupolis oil pipeline project.

Business » Energy | October 31, 2011, Monday // 16:15 | Viewed: 1874

Bulgaria Unaware of Russia's Plans for Costlier Penalty over Belene

Bulgaria has not been officially notified of Russia's plans to more than double its EUR 58 M claim against Bulgarian state utility NEK, which it filed at an arbitration court in Paris in July.

Business » Energy | October 27, 2011, Thursday // 13:28 | Viewed: 2572

Russia Threatens to Double Claim against Bulgaria over Belene

Russia's nuclear company has warned it may double its EUR 58 M claim against Bulgarian state utility NEK, which it filed in July over delayed payments on Belene nuclear project.

Business » Energy | October 27, 2011, Thursday // 11:31 | Viewed: 1650

Iran Labels Nabucco Gas Pipeline as 'Dead Project'

Iran has termed the Nabucco pipeline project a "dead plan", offering to supply gas to Europe via Turkmenistan.

Business » Energy | October 25, 2011, Tuesday // 15:20 | Viewed: 2452

Bulgarian Energy Watchdog Opens Free Market to Small Business

Amendments are pending in the Bulgarian Electric Power Act to allow the small and medium business to enter the free electricity market.

Business » Energy | October 25, 2011, Tuesday // 13:51 | Viewed: 1470

Bulgaria Angles for Russian Funding of Nuclear Project

British bank HSBC, consultant of Belene nuclear project, has started working on an assignment for attracting financing by Russia's Rosatom, Bulgaria's energy holding announced.

Business » Energy | October 25, 2011, Tuesday // 10:52 | Viewed: 1724