The competition between the South Stream and the Nabucco gas pipelines was admitted by EU Energy Commissioner Guenther Oettinger.
Bulgaria's Foreign Ministry insists on fast progress on the construction of the Nabucco gas transit pipeline after at the end of last week Turkmenistan announced it was ready to provide the project with more natural gas that it can handle.
Turkmenistan is ready to provide the EU with some 40 billion cubic meter of natural gas annually for the Nabucco gas pipeline project.
Russia's state power trader Inter RAO wants to acquire not only the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, but also its wind parks near the Black Sea coast, according to reports.
Czech-owned power utility CEZ says it needs approval from the state for larger-scale investments in order to keep up with the growing number of requests for including new renewable energy plants into the power distribution network.
Bulgaria's government is considering yet another scenario how to restructure the energy holding, which groups the country's top energy assets, a member of the ruling party has announced.
Several days after the future of the South Stream gas transit pipeline emerged more certain as Bulgaria and Russia signed a respective deal, Slovenia's President Danilo Turk hailed the progress of the project in Moscow.
Russia has requested the maximum possible price for the Belene NPP project in Saturday's negotiations, revealed Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.
Bulgaria will ask the European Commission for a derogation, so that a substantial part of the South Stream pipe be used only by shareholders, confirmed energy minister Traicho Traikov Tuesday.
The Bulgarian Energy Holding has picked HSBC, one of UK's biggest banks, for a consultant to help it decide how to proceed and attract new investors for the planned Belene nuclear power plant, the energy minister said.
Bulgaria's prime minister has reiterated his determination to abandon the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and environmentally unfriendly.
Bulgaria is to amend its original 2008 South Stream gas transit pipeline deal with Russia in accordance with what is described as "advice" from the European Commission.
The Bulgarian government will not accept a final price of EUR 7 B for the Belene Nuclear Power Plant project, Bulgarian Economy andEnergy Minister Traicho Traikov, stated.
In case Bulgaria faces problems with the financing of its section of the South Stream gas line, Russia can secure an advance amount, without having the right to obtain shares and assets.
Russia made a step towards the realization of the South Stream gas line Saturday, but actual construction will not start for years, the Moscow daily "Nezavisimaya Gazeta" writes Monday.
Talks on gas prices between Bulgaria's "Bulgargaz" and the Russian energy giant "Gazprom" are happening as early as this week, according to the CEO of the Bulgarian Energy Holding (BEH), Maya Hristova.
Bulgarian PM Boyko Borisov has stated that his country will be buying Russian gas at lower prices, just a day after talks with Russian PM Vladimir Putin appeared to end at stalemate on that matter.
"South Stream Makes Major Step in Europe" - this is the headline of Russian daily Vesti commenting on Russian PM Vladimir Putin's Saturday visit to Sofia.
The South Stream gas transit pipeline might be launched four months ahead of schedule thanks to the progress achieved with Bulgaria, Gazprom CEO Alexei Miller declared in Sofia Saturday.
Bulgaria's future second nuclear power plant Belene will take less than 20 years to return the money invested in its construction, Sergey Kiriyenko, CEO of the Russian state nuclear energy corporation Rosatom, declared in Sofia.
Bulgaria can no longer be replaced by Romania as the European hub of the Russian-sponsored South Stream gas transit pipeline, Gazprom CEO Alexei Miller stated in Sofia.
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