Business » Energy

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

Bulgaria Gears Up for New Gas Price Hike in July

Bulgargaz has called for a new 7.12% gas price hike from July in its latest media statement.

Business » Energy | May 12, 2011, Thursday // 18:20 | Viewed: 1544

Bulgaria's Kozloduy NPP Launches New Spent Fuel Depot

A new dry spent nuclear fuel storage facility was officially launched at Bulgaria's Kozloduy NPP by the country's PM, Boyko Borisov, and Economy and Energy Minister, Traicho Traikov.

Business » Energy | May 12, 2011, Thursday // 17:38 | Viewed: 2467

UniCredit, Raiffeisen Seek to Broker E.ON Bulgaria 33% Sale

UniCredit SpA (UCG), Italy's biggest bank and Vienna-based Raiffeisen Bank International AG (RBI) have bought tender documents to broker Bulgaria's 33% stake sale in an E.ON AG unit, Bloomberg agency reported.

Business » Energy | May 12, 2011, Thursday // 16:44 | Viewed: 1823

PM: Bulgarian Economy Needs Own Nuclear Power

Bulgaria is fully committed to developing its nuclear energy sector, stated PM Boyko Borisov at a foreign investment forum held in Sofia Tuesday.

Business » Energy | May 10, 2011, Tuesday // 16:28 | Viewed: 2226

Bulgaria Might Opt for Short-Term Gas Contracts with Gazprom

Bulgaria might chose to press for short-term contracts for natural gas delivery with Russian giant Gazprom after 2012, stated vice-Minister of Energy Mariy Kosev Tuesday.

Business » Energy | May 10, 2011, Tuesday // 15:33 | Viewed: 1837

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: 2513

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: 15309

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: 8488

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: 2882

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: 1840

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: 2330

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: 2259

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: 4455