Business » Energy

Ex US Envoy Beyrle: Bulgaria Gave Up over Gazprom Deal

Bulgaria is far too dependent on Russia, but nevertheless concluded a 23-year deal with Gazprom,  leading many to question what the country really gave up for this deal, read fresh diplomatic cables of the US embassy in Sofia, revealed on WikiLeaks.

Business » Energy | May 30, 2011, Monday // 09:38 | Viewed: 1693

Bulgarian Minister: Energy Is Key to National Security

Bulgaria is in dire need of a wide and deep energy diversification, according to Minister of Economy and Energy Traicho Traikov who spoke at the NATO parliamentary summit held in Varna Sunday.

Business » Energy | May 29, 2011, Sunday // 14:53 | Viewed: 1683

EVN Takeover of Major Bulgarian Hydro Power Plant Expected 'in Days'

Austrian company EVN is expected to purchase a 70% stake in the Bulgarian hydro power plant project "Gorna Arda" from Turkish company Ceylan "within days", according to Bulgarian Economy Minister Traicho Traikov.

Business » Energy | May 28, 2011, Saturday // 18:04 | Viewed: 1754

Chevron Beats BNK Petroleum in Bulgarian Shale Gas Exploration Bid

US energy giant Chevron has landed a Bulgarian shale gas exploration concession with a whopping offer of EUR 30 M, Bulgarian Economy Minister Traicho Traikov has announced.

Business » Energy | May 28, 2011, Saturday // 15:39 | Viewed: 2538

Bulgarian Energy Minister Hints at New NPP Contract with Russia

Bulgaria's Economy and Energy Minister, Traicho Traikov, announced the country is to, most likely, present to Russia a new project for contract for the Nuclear Power Plant, NPP, in the Danube town of Belene.

Business » Energy | May 28, 2011, Saturday // 12:52 | Viewed: 1719

Gazrpom, Srbijagas Strike Action Plan on South Stream in Serbia

Russian energy giant Gazprom and Serbia's energy company Srbijagas have signed an action plan for the implementation of the Serbian section of the South Stream gas transit pipeline.

Business » Energy | May 27, 2011, Friday // 18:29 | Viewed: 2436

Bulgarian Govt, Westinghouse Move Closer to Cooperation

Bulgarian Prime Minister Boyko Borisov has met with Westinghouse President for EMEA Anders Jackson and VP for Southern Europe Jose Gutierrez.

Business » Energy | May 27, 2011, Friday // 15:47 | Viewed: 2010

Bulgaria, Russia Still in Discord on Belene Nuclear Project Price

Bulgaria and Russia are not getting closer in reaching an agreement on the price of the project to build a second Nuclear Power Plant, NPP, in the Danube town of Belene.

Business » Energy | May 26, 2011, Thursday // 10:56 | Viewed: 2042

EU Vows Not to Set Barriers for South Stream Gas Pipeline

The EU will not set unjustified restrictions regarding the construction of the South Stream gas pipeline, which is supposed to transit Russian gas to Europe, Gunther Oettinger, EU Energy Commissioner, stated Wednesday.

Business » Energy | May 25, 2011, Wednesday // 18:32 | Viewed: 1497

Russia to Campaign for Granting South Stream EU Priority Status

The Russian Ministry of Energy and state-run gas giant Gazprom will present the South Stream gas pipeline project at the EU headquarters in Brussels Wednesday.

Business » Energy | May 25, 2011, Wednesday // 12:17 | Viewed: 1638

TBP Offers Bulgaria New Offloading Technology for BA Oil Pipeline

Trans-Balkan Pipeline, the company in charge of the construction of the Burgas-Alexandroupolis oil pipeline, has offered the Bulgarian government a new technology for unloading oil to address environmental concerns.

Business » Energy | May 24, 2011, Tuesday // 18:37 | Viewed: 2027

Bulgaria to Sign on Nabucco Pipeline in Turkey on June 6

Bulgaria's Bulgargaz, a subsidiary of the Bulgarian Energy Holding, will participate in the official signing of an agreement on the Nabucco gas transit pipeline in Turkey on June 6, 2011.

Business » Energy | May 23, 2011, Monday // 15:19 | Viewed: 2568

Bulgaria's Kozloduy NPP Among World's Most Tested - EconMin

Bulgaria's Kozloduy Nuclear Power Plant is among the most scrutinized NPPs in the world, according to the country's Energy and Economy Minister, Traicho Traikov.

Business » Energy | May 20, 2011, Friday // 13:18 | Viewed: 1430

South Steam Shareholders to Strike New Agreement in 2011

A new shareholders' agreement for the South Stream gas transit pipeline will be signed in 2011, Gazprom CEO Alexei Miller has announced.

Business » Energy | May 19, 2011, Thursday // 19:28 | Viewed: 1987

US Contour Global OKed to Buy Enel Stake in Bulgaria Plant

Bulgaria's antitrust regulator has given approval to US investment fund Contour Global to acquire the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant.

Business » Energy | May 19, 2011, Thursday // 09:46 | Viewed: 2275

Irish Island Renewable Energy Said to Eye Bulgaria Wind Park

Irish company Island Renewable Energy may build a wind park in the Northern Bulgarian Suhindol municipality,Nikolay Nikolov, its executive director for Southeast Europe, has announced.

Business » Energy | May 18, 2011, Wednesday // 20:36 | Viewed: 2182

Shale Gas to Win Bulgaria's Energy Independence - Minister

The shale gas resources in Bulgaria could greatly improve the country's energy independence and would create a new alternative for its gas needs, Bulgarian Economy and Energy Minister, Traicho Traikov, declared.

Business » Energy | May 18, 2011, Wednesday // 18:43 | Viewed: 1873

Lukoil: USD 100 Per Barrel is Fair Oil Price

The current price of oil around USD 100 per barrel is completely fair, according to Russian oil company Lukoil's president Vagit Alekperov.

Business » Energy | May 17, 2011, Tuesday // 08:07 | Viewed: 1824

Bulgarian Energy Watchdog to Raise Prices of Electricity from Renewables

Prices of electricity from wind, hydropower and biomass will be increased from July 1, Bulgaria's State Commission for Energy and Water Regulation (DKEVR), said in a statement Friday.

Business » Energy | May 16, 2011, Monday // 18:30 | Viewed: 3293

Bulgarian Tycoon Sells Heating Utilities to Offshore Companies

Bulgarian energy tycoon Hristo Kovachki has been allowed to sell two heating utilities to offshore companies registered in the Seychelles.

Business » Energy | May 16, 2011, Monday // 16:30 | Viewed: 2075

Shell VP in Sofia: Transport's Energy Efficiency Future Lies with 3 'S'-s

Smart consumption, smart machines, and smart infrastructure is the future of energy efficiency, according to Hans van der Loo, Vice President of Shell International and head of the company's EU Liaison Office.

Business » Energy | May 14, 2011, Saturday // 09:17 | Viewed: 2255