Russian energy giant Gazprom has acquired a license from the Bulgarian government to purchase 7 filling stations in the country.
The capacity of Bulgaria's sole nuclear power plant, Kozloduy, will be increased by 60 MW as its generators will be replaced, it was announced on Tuesday.
Edinburgh-based oil and gas explorer Melrose Resources announced it is to spend USD 37 M on exploration wells in Bulgaria and Egypt and a seismic project in Romania.
Greece is ready to renegotiate the terms for the implementation of the Burgas-Alexandroupolis project in order to see the oil pipeline completed, according to Greek Minister of Environment, Energy and Climate Change George Papakonstantinou.
Austria's EVN AG may snap up the government's 33% minority stake in its Bulgaria unit right after the trade with its shares on the local stock exchange start on December 21, analysts expect.
Power distributor E.ON is leaving Bulgaria at a profit and an unfulfilled investment program, said Angel Semerdzhiev, Chair of the State Commission for Energy and Water Regulation (DKEVR), at an open session of the watchdog.
Russia's Ministry of Foreign Affairs has received an official statement from Bulgaria confirming the Balkan country's decision to abandon the Burgas-Alexandroupolis oil pipeline.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Some 200 people gathered on Saturday in Bulgaria's capital Sofia to protest against the potential shale gas exploration in the country.
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.
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
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.
Direct Investment into Bulgaria on the Rise Y/Y
A Third of Bulgarians Facing Energy Poverty