Business » Energy

Nabucco Pipeline Delayed for 2 Years over Natural Gas Supplies

The much-anticipated EU-sponsored Nabucco gas transit pipeline will be delayed by two years, the Nabucco consortium has announced raised doubts of increasing uncertainty about the project.

Business » Energy | May 6, 2011, Friday // 17:29 | Viewed: 2495

Nabucco Consortium Refutes Reports Gas Pipeline Cost Doubled

The international consortium on the Nabucco gas transit pipeline has repudiated international media reports that the project will cost as much as EUR 12-15 B.

Business » Energy | May 5, 2011, Thursday // 17:36 | Viewed: 14616

Shocked Investors: New Law Shatters Bulgaria's Renewable Energy Sector

Bulgaria's newly adopted Renewable Energy Act contradicts the Constitution and EU law, and will shatter the country's energy future, according to the Bulgarian Wind Energy Association.

Business » Energy | May 4, 2011, Wednesday // 16:50 | Viewed: 8475

WikiLeaks Shed Light on Delays in Bulgaria's Nuclear Project

On of the latest WikiLeaks publications sheds light on the reasons for the delay in the project to build a second Nuclear Power Plant in the Danube town of Belene in Bulgaria, the Russian daily Komersant writes.

Business » Energy | May 3, 2011, Tuesday // 12:05 | Viewed: 2860

Russia Halts Oil Export, Bulgaria Demands Guarantees

Bulgaria's Economy and Energy Minister, Traicho Traikov, has asked for guarantees from Russia for enough fuels for the country's market amidst reports that the Federation is halting oil export.

Business » Energy | May 2, 2011, Monday // 09:38 | Viewed: 1833

Ukraine Convinced South Stream Threatens Its National Security

The Russian-sponsored gas transit pipeline South Stream is a threat to Ukraine's national security, according to Ukrainian Energy Minister Yury Boiko.

Business » Energy | April 30, 2011, Saturday // 15:36 | Viewed: 2324

Lukoil Bulgaria Ups Fuel Prices, Defies Raging Protests

Bulgarians' hopes that Russia's Lukoil, owner of the country's only oil refinery, may agree to extend the one-month freeze on retail fuel prices, which expired during the Easter holidays, have proved unrealistic.

Business » Energy | April 28, 2011, Thursday // 14:35 | Viewed: 2253

Bulgaria's Kozloduy NPP Unit 5 Evacuated over Radiation Incident

The entire staff of Unit 5 of Bulgaria's Kozloduy Nuclear Power Plant was evacuated over a detected increase of radiation rare gases on Tuesday, April 26, 2011.

Business » Energy | April 27, 2011, Wednesday // 18:49 | Viewed: 4425

WikiLeaks: Bulgaria N-Plant Manager Forced to Shut Up over Incident in 2006

The manager of Bulgaria's sole nuclear power plant Kozloduy has been threatened with being "knocked off" unless he keeps quiet about an incident on the first day of March in 2006, according to WikiLeaks.

Business » Energy | April 27, 2011, Wednesday // 13:50 | Viewed: 2420

US Company Presents Novel Nuclear Reactor in Bulgaria

US energy company Westinghouse presented Tuesday a new generation nuclear reactor in Sofia by invitation of Bulgarian Minister of Economy and Energy Traicho Traikov.

Business » Energy | April 26, 2011, Tuesday // 16:36 | Viewed: 1923

Lukoil Bulgaria May Extend Freeze on Retail Fuel Prices - Report

Russia's Lukoil, owner of Bulgaria's only oil refinery, may agree to extend the one-month freeze on retail fuel prices, which expired during the Easter holidays, according to insiders.

Business » Energy | April 26, 2011, Tuesday // 08:08 | Viewed: 2104

Gazprom Claims Gas Demand in Europe is Growing

The demand for gas in Europe has marked new records, according to an announcement by Russian gas giant Gazprom.

Business » Energy | April 25, 2011, Monday // 16:23 | Viewed: 1681

Branch Association: No Fuel Price Increase Expected for Bulgaria

Fuel prices in Bulgaria should be expected to stay largely the same, according to chair of the Bulgarian Oil and Gas Association Andrey Delchev.

Business » Energy | April 25, 2011, Monday // 12:39 | Viewed: 1657

Bulgaria Shuts Unit 5 of Kozloduy NPP for Maintenance Works

One of the two functioning reactors of Bulgaria's Kozloduy Nuclear Power Plant, Unit 5, has been turned off for its scheduled annual maintenance and refueling.

Business » Energy | April 24, 2011, Sunday // 13:58 | Viewed: 1648

Russian Ambassador: Bulgaria's Belene NPP to Be Built

The Bulgarian Belene NPP will surely be constructed, the Russian Ambassador to the Balkan country, Yuriy Isakov, declared Saturday.

Business » Energy | April 23, 2011, Saturday // 17:49 | Viewed: 2085

Belene Reactor Finds Use in Russian Nuclear Plant

The old reactor, manufactured in the 80s of the 20th century, for the future Nuclear Power Plant in the Danube town of Belene in Bulgaria will be of use after all, the Bulgarian National Television, BNT, reported.

Business » Energy | April 23, 2011, Saturday // 11:13 | Viewed: 1908

Kozloduy NPP Tiptoes around Bulgaria-Russia Belene Project Talks

The management of Bulgaria's only operational Kozloduy NPP has denied being involved in any way in the ongoing Bulgarian-Russian talks for the construction a second nuclear plant in Belene.

Business » Energy | April 22, 2011, Friday // 14:50 | Viewed: 2305

Bulgaria's New Renewable Energy Act Cools Down Investors' Hopes

Bulgaria's Parliament has adopted a controversial draft of the long-anticipated Renewable Energy Act that seems to be designed to reign in the staggering growth of solar and wind energy projects.

Business » Energy | April 21, 2011, Thursday // 16:55 | Viewed: 5489

Russia Wants Bulgarian Kozloduy Nuclear Plant in Belene Project - Report

The Vice President of the Russian "Atomstroyexport," Genadiy Tepkiyan had proposed to include Bulgaria's Nuclear Power Plant "Kozloduy" as investor in the project to build a second such plant in the Danube town of Belene.

Business » Energy | April 21, 2011, Thursday // 11:39 | Viewed: 1620

Bulgarian MPs Snub Civic Petition to Renounce Oil Pipeline Contract

Bulgarian Parliament's Law Committee has ruled against the civic petition urging the government to terminate unilaterally the agreement for the construction of the Burgas-Alexandroupolis oil pipeline.

Business » Energy | April 20, 2011, Wednesday // 19:37 | Viewed: 1909

Russia Courts Macedonia, Invites It to Join South Stream

Russian Foreign Minister Sergey Lavrov has declared in Ohrid that Moscow intends to boost its cooperation and ties with the Republic of Macedonia.

Business » Energy | April 20, 2011, Wednesday // 18:44 | Viewed: 2281