Business » Energy

Bulgaria’s Energy Sector is In State of Financial Collapse - Minister

Bulgaria’s energy sector is in a state of financial collapse and in need of urgent and adequate measures, according to Minister Temenuzhka Petkova.

Business » Energy | February 22, 2015, Sunday // 13:48 | Viewed: 2326

Bulgarian Watchdog Fines Power Distributor EVN BGN 1 M

Power distributor EVN, which services southeastern Bulgaria, has been imposed a fine of BGN 1 M.

Business » Energy | February 22, 2015, Sunday // 12:13 | Viewed: 5029

ContourGlobal Seeks Safeguards for Its Investment in Bulgarian Power Plant

US-based ContourGlobal said on Friday any change in its long-term contract for electricity sales from its Bulgarian power plant Maritsa East 3 should safeguard the investments it has made.

Business » Energy | February 20, 2015, Friday // 20:24 | Viewed: 1471

Bulgaria to Renegotiate Long-Term Contracts with AES, ContourGlobal TPPs

Bulgarian Energy Minister Temenuzhka Petkova announced that the long-term contracts between the National Electricity Company (NEK) and the two thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 will be renegotiated.

Business » Energy | February 20, 2015, Friday // 14:01 | Viewed: 1289

Parliament Committee Passes Changes to Bulgaria's Energy Act at Second Reading

The Energy Committee with the National Assembly has approved legislative amendments under which members of the state energy watchdog will be elected by Parliament.

Business » Energy | February 20, 2015, Friday // 07:28 | Viewed: 1169

Renewables Reduced Carbon Emissions in Europe – EEA

The latest report of the European Environment Agency (EEA) shows that renewable energy sources have been an important driving force in reducing greenhouse gas emissions in Europe.

Business » Energy | February 18, 2015, Wednesday // 17:50 | Viewed: 1019

EU Commission to Preview Energy Deals Signed by Member States

The European Commission (EC) plans on establishing a practice of holding mandatory pre-consultations with member states, prior to signing of energy deals with third countries.

Business » Energy | February 18, 2015, Wednesday // 16:02 | Viewed: 1094

Putin Says Russia 'Could Build Bulgaria Offshoot of Turkish Stream'

Russia might direct a new pipe to Bulgaria functioning as a ramification of its planned gas pipeline to Turkey, President Vladimir Putin has hinted.

Business » Energy | February 18, 2015, Wednesday // 00:45 | Viewed: 2563

Russian Rosatom to Start Building Two Units at Hungarian NPP

The Russian nuclear power corporation Rosatom will start the construction of two units at the Hungarian nuclear power plant (NPP) Paks in the spring.

Business » Energy | February 17, 2015, Tuesday // 21:51 | Viewed: 1359

Future of Oil Prices Remains Unclear

Rosneft CEO Igor Sechin stated Friday that if investment in the oil industry goes back up, oil prices may remain at USD 60- 80 per barrel.

Business » Energy | February 13, 2015, Friday // 19:30 | Viewed: 1160

Liberalisation of Electricity Market to be Concluded by End of Year – MP

Delyan Dobrev, chairperson of the parliamentary Energy Committee, said that the liberalisation of the electricity market in Bulgaria should be completed in practice by the end of the year.

Business » Energy | February 13, 2015, Friday // 14:57 | Viewed: 1439

Turkey Determined to Build TANAP Gas Pipeline

Turkish Energy Minister Taner Yildiz has described the Trans Anatolian Natural Gas Pipeline (TANAP) as a priority project for the country.

Business » Energy | February 13, 2015, Friday // 10:26 | Viewed: 1986

Gas Interconnector with Greece Expected to be Launched by 2018

Bulgarian Energy Minister Temenuzhka Petkova said on Thursday that the planned gas interconnection grid with Greece is expected to become fully operational by 2018.

Business » Energy | February 12, 2015, Thursday // 16:00 | Viewed: 1216

Vertical Gas Corridor May Be Ready by 2019 – Romanian Media

The development of plans for the construction of a Vertical Corridor connecting the gas grids of Bulgaria, Greece, and Romania has reached an advanced stage, according to Romanian authorities.

Business » Energy | February 12, 2015, Thursday // 12:39 | Viewed: 1479

Bulgargaz to Propose Gas Price Cut for Q2, 2015 to Energy Watchdog

Bulgaria’s state-owned gas supplier Bulgargaz will propose a reduction in the price of natural gas in Q2, 2015 to the energy watchdog.

Business » Energy | February 11, 2015, Wednesday // 17:27 | Viewed: 949

Bulgaria Allocates Further BGN 15 M for Energy Effectiveness Projects

The Bulgarian government decided at its meeting on Wednesday to allocate further BGN 15 M for additional co-financing of energy effectiveness projects.

Business » Energy | February 11, 2015, Wednesday // 14:57 | Viewed: 915

Bulgarian Minister to Attend Meeting of Consultative Council on Southern Gas Corridor

Bulgaria’s Energy Minister Temenuzhka Petkova will take part in the first meeting of the Consultative Council on the Southern Gas Corridor project.

Business » Energy | February 11, 2015, Wednesday // 13:40 | Viewed: 1018

Bulgaria to Launch Tenders for Silistar, Teres Exploration Blocks in 2 Weeks

Delyan Dobrev, head of Bulgaria’s parliamentary energy committee, has presented an upcoming tendering procedure for two Black Sea exploration blocks to representatives of Norwegian oil and gas company Statoil.

Business » Energy | February 10, 2015, Tuesday // 18:09 | Viewed: 1470

Oil Trade Challenges Outlined in International Energy Agency Report

The USA is pointed out as the leader in world oil markets in the annual Medium-Term Oil Market report published by the International Energy Agency on Tuesday.

Business » Energy | February 10, 2015, Tuesday // 12:45 | Viewed: 1086

Bulgarian President: EU Energy Union to Deepen Integration

Bulgarian President Rosen Plevneliev said on Monday that the establishment of an EU Energy Union will bring the level of European political and economic integration to a new level.

Business » Energy | February 10, 2015, Tuesday // 08:08 | Viewed: 1543

Proposed Gas Hub in Bulgaria to Cost EUR 2.2 B, PM Borisov Says

Building a gas distribution centre in Bulgaria to serve South Eastern Europe and the EU would cost EUR 2.2 B, Prime Minister Boyko Borisov said on Monday.

Business » Energy | February 9, 2015, Monday // 19:48 | Viewed: 1298