Business » Energy

Bulgaria’s PM, Ministers, Discuss Power Rate Hike for Industrial Consumers

Bulgarian Prime Minister Boyko Borisov has summoned a meeting of all ministers over the planned increase in electricity prices for industrial consumers as of July 1.

Business » Energy | June 21, 2015, Sunday // 10:48 | Viewed: 1788

Bulgaria Power Price Hike 'Backed by Intl Business Unions'

Several business unions of international companies have moved to support Bulgarian energy watchdog KEVR's intention to increase electricity prices for industrial consumers, Capital Daily says.

Business » Energy | June 20, 2015, Saturday // 15:04 | Viewed: 3513

Bulgaria Tables Gas Hub Proposal in Russia

Bulgarian Energy Minister Temenuzhka Petkova has told Russian counterpart Alexander Novak that Sofia is proposing the construction of a gas hub on Bulgarian soil.

Business » Energy | June 20, 2015, Saturday // 11:56 | Viewed: 4720

Bulgaria PM 'Ready to Join Protests over Power Price Hike'

Prime Minister Boyko Borisov has said he will join demonstrations of business unions against planned hikes in electricity prices if such action is called.

Business » Energy | June 20, 2015, Saturday // 11:32 | Viewed: 2196

Lukoil Blames Oil Spill Near Burgas on Theft Attempt

The broken pipeline of Lukoil Neftochim near Burgas has most probably been affected by an attempt for a theft.

Business » Energy | June 19, 2015, Friday // 20:15 | Viewed: 4247

Russia Expresses Readiness to Renew Talks on Burgas-Alexandroupoli Pipeline

Russia expressed readiness to renew negotiations on the construction of the planned oil pipeline between the Bulgarian Black Sea city of Burgas and the Greek Aegean Sea town of Alexandroupoli.

Business » Energy | June 19, 2015, Friday // 14:56 | Viewed: 5205

Bulgaria's Lukoil Neftochim to Pay Hefty Fine over Gasoline Spill

Lukoil Neftochim, the Burgas-based refinery of the Russian oil giant, will have to pay BGN 100 000 (EUR 50 000) after Wednesday's gasoline spill in the areas, officials say.

Business » Energy | June 18, 2015, Thursday // 20:58 | Viewed: 3839

Power Rates Discount for Large Industrial Consumers to Cost BGN 90 M – Energy Minister

A planned discount on electricity prices for large industrial consumers will cost a total of BGN 90 M, according to Bulgaria’s Energy Minister Temenuzhka Pavlova.

Business » Energy | June 17, 2015, Wednesday // 15:19 | Viewed: 3684

Greece-Russia Political Agreement on Gas Pipeline 'Ready'

Greek Energy Minister Panagiotis Lafazanis has said that the political part of an agreement between Moscow and Athens over an extension to the so-called "Turkish Stream" pipeline is now ready to sign.

Business » Energy | June 17, 2015, Wednesday // 14:01 | Viewed: 2818

Bulgaria-Greece Gas Link Deal 'Coming Early in July'

The agreement to set up an interconnector between Bulgaria and Greece is to be signed early in the coming weeks, Greek local media quote unnamed energy officials as saying.

Business » Energy | June 17, 2015, Wednesday // 11:38 | Viewed: 2265

Bulgarian Co Hired as Subcontractor to Help Repair Albania Power Plant

A Bulgarian company is now engaged in repair works at Komani, Albania's biggest hydro power plant (HPP), local reports suggest.

Business » Energy | June 17, 2015, Wednesday // 10:17 | Viewed: 2129

Bulgaria’s State-Owned Bulgargaz Posts BGN 15 M Loss in Q1, 2015

Bulgaria’s state-owned gas company Bulgargaz reported a loss of BGN 15.195 M for the first quarter of 2015, according to the financial report of the company.

Business » Energy | June 16, 2015, Tuesday // 13:20 | Viewed: 1647

Bulgarian Business Associations Oppose Upcoming Power Price Hike

Three employers’ associations have risen against an upcoming increase in electricity prices from July, warning that they will demand the resignations of the Energy Minister and the Chair of the Commission for Energy and Water Regulation (KEVR) if the voic

Business » Energy | June 15, 2015, Monday // 19:22 | Viewed: 1826

Die Presse: OMV May Be Planning 'Russian Nabucco' Gas Pipeline

The future head of Austria’s OMV Rainer Seele appears to be planning a new route for Russian gas to Europe bypassing Ukraine jointly with Gazprom, according to Austrian newspaper Die Presse.

Business » Energy | June 14, 2015, Sunday // 15:13 | Viewed: 3593

Bulgaria Is Difficult to Sidestep in Major Gas Pipeline Projects – Bulgartransgaz CEO

Georgi Gegov, CEO of state-owned gas transmission operator Bulgartransgaz, has suggested that it will not be easy for major gas pipeline projects to circumvent Bulgaria.

Business » Energy | June 11, 2015, Thursday // 13:46 | Viewed: 5982

Building New Unit at Bulgaria’s Kozloduy NPP Will Cost USD 5.3 B

The construction of a new generating unit at Bulgaria’s sole Kozloduy nuclear power plant (NPP) will cost USD 5.3 B.

Business » Energy | June 11, 2015, Thursday // 13:09 | Viewed: 4135

Bulgargaz Proposes 7% Cut in Gas Price in Q3

Bulgargaz has proposed to cut natural gas price by 7.11% in the third quarter of the year.

Business » Energy | June 10, 2015, Wednesday // 20:32 | Viewed: 3697

Sefcovic Lists Serbia-Bulgaria Gas Link Among EU’s Top Priorities

The project to build a gas interconnection between Serbia and Bulgaria is one of the European Union's top priorities, the EU energy chief  Maros Sefcovic has said.

Business » Energy | June 10, 2015, Wednesday // 20:02 | Viewed: 4077

Trade Unions Ready to Organize Strike over Funding Shortage at Bulgaria’s Maritsa Iztok Mines

Trade unions of mine workers have warned they are ready to organize a strike over the lack of funding to ensure the normal functioning of the state-owned Maritsa Iztok Mines, according to Vladimir Topalov, Chair of the miners’ federation at the Podkrepa L

Business » Energy | June 10, 2015, Wednesday // 13:47 | Viewed: 4028

Bulgaria’s Energy Watchdog to Discuss Proposals for Power Price Hikes as of July

Bulgaria’s Commission for Energy and Water Regulation (KEVR) will discuss Wednesday a proposal for an increase in electricity prices for household consumers by an average of 2% as of July.

Business » Energy | June 10, 2015, Wednesday // 08:06 | Viewed: 1829

5 Companies Vie to Consult Energy Ministry on Bulgaria-Serbia Gas Grid Interconnector

Five companies have shown interest in consulting the Energy Ministry on the Bulgaria-Serbia gas grid interconnector project.

Business » Energy | June 9, 2015, Tuesday // 13:25 | Viewed: 3721