Russian Gazprom does not plan to buy a 1/4 share in Austrian oil and gas company OMV, Gazprom Deputy CEO Alexander Medvedev said Friday.
Energy bills in Bulgaria might gradually go up starting October to cover deficits at the state-owned utility NEK, the state electricity regulator announced.
State-owned National Electricity Company (NEK) piled up debt worth BGN 2.9 B (EUR 1.45 B) in 2010-2014, energy watchdog DKEVR's chief Boyan Boev said Thursday.
Bulgaria's political leaders will insist that Europe continue talks with Russia over the South Stream gas pipeline on the European Council starting in Brussels Thursday.
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) will present Thursday current data on the financial deficit in the energy system.
The US Westinghouse will own 30% of the Unit 7 of the Kozloduy NPP until the construction is completed, said the Kozloduy deputy director Alexander Nikolov.
Bulgaria's state-owned gas supplier Bulgargaz has warned that a gas price cut will put it into a difficult financial situation.
Bulgaria's energy watchdog has sent two complaints to the European Commission concerning unlawful State aid to two US-owned thermal power plants and to renewable energy producers.
Russian Energy Minister Alexander Novak has expressed certainty that the problems surrounding the construction of the South Stream gas pipeline section in Bulgaria will be solved.
Russian concern Gazprom struck Monday an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.
Russian energy concern Gazprom has sold its assets in AB Lietuvos Dujos and AB Amber Grid, two Lithuanian gas utilities in each of which it had a 37.
Bulgaria's business energy consumers have threatened to stop paying electricity bills if the energy watchdog DKEVR approves a proposal increasing prices.
Bulgaria and other EU members are being pressured into pulling out of the South Stream pipeline, Russian Economy Minister Alexander Novak said.
The Bulgarian branch of French petrol company Total announced a public tender for exploration drilling in the Khan Asparuh gas field off the Bulgarian Black Sea coast.
Europe could import African gas via Spain to reduce dependency on Russian resources, a Spanish expert believes.
Austrian Economy Minister Reinhold Mitterlehner has argued that the Russia-Ukraine gas dispute requires a political decision involving the EU.
Gazprom is to file a fresh lawsuit in the Stockholm arbitration court against Ukraine's Naftogaz for USD 18 B over prolonged debts, CEO Alexey Miller says.
Renewable energy producers have threatened to sue Bulgaria's energy watchdog due to its intentions to impose a dramatic reduction in preferential tariffs.
Bulgarian Deputy Prime Minister Daniela Bobeva has explained that the government is ready to secure gas consumption for a minimum of 3-4 months in the case of a gas supply crisis.
The South Stream gas pipeline could have a ramification to the Crimean peninsula, Oleg Savelyev, Minister of Crimean Affairs, announced.
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