Putin Declares Easter Ceasefire in Ukraine War
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
Bulgaria Starts Exploring Conventional Gas Deposits
- Tweet
Send to Kindle
Bulgarian Economy and Energy Minister, Delyan Dobrev, says there is very good prospective to find gas in the Black Sea shelf. Photo by BGNES
Bulgaria is launching a public procurement tender for the study and exploration of possible gas deposits in the Black Sea continental shelf.
The reported deadline for the bidders is May 30, 2012.
Just one day ago, Economy and Energy Minister, Delyan Dobrev, commented that the prospective to find gas in the sea shelf were "very good," stressing the interest of the largest company in the world for the exploitation of gas deposits was an evidence for it. Dobrev declined naming the company.
Prime Minister, Boyko Borisov, also hinted in a TV interview that Bulgaria might have a substantial deposit of conventional gas. He pointed out that the ban on exploration of deposits of energy resources other than shale gas must be dropped.
Bulgarian Dnevnik daily reports that according to the internet page of the Council of Ministers a decision to grant permission for exploration and exploitation of oil and natural gas in Bulgaria's Black Sea zone had been made at the end of October 2011. It includes an area of 14 220 square meters and it is located precisely in the disputed by Romania 17 square km section.
Dnevnik further reports that US Ambassador to Sofia, James Warlick, had confirmed before them that Exxon Mobil is interested in exploring natural gas in Bulgaria's Black Sea zone.
Related Articles:
EU Panic Deepens Over Hungary-Russia Ties and Possible Secret Leaks
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
“Putin’s Mouse” Call Leak: Orban Promised to Help Russia
A leaked transcript of a phone call between Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin shows Orban offering extensive support to Moscow and describing himself as ready to help “in any way” in relation to the war in Ukraine
Bulgaria: Second Black Sea Drilling in Khan Asparuh Block Fails to Find Natural Gas
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
Putin to Armenia: EU Membership Is "Impossible" For You
Vladimir Putin stated that Armenia cannot realistically pursue membership in the European Union while remaining part of the Moscow-led Eurasian Economic Union, arguing that the two frameworks are fundamentally incompatible
29 Dead After Russian Military Plane Crashes in Crimea
A Russian An-26 military transport aircraft has crashed in Crimea, killing all 29 people on board, according to information released by the country’s defense ministry and cited by Russian state media
Bulgaria Hit by Fuel Shock as Diesel Prices Surge 37% Since Iran War Began
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
Bulgaria: Second Black Sea Drilling in Khan Asparuh Block Fails to Find Natural Gas
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
Sofia Heating Price Hike Near 30% Sparks Backlash Over Household Costs
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
Bulgaria Locks in Cheaper Natural Gas for April as Azerbaijan Deal Keeps Prices Below EU Average
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel Shock in Bulgaria: Diesel Prices Skyrocket Nearly 30% in One Month
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz Confirms 5% Gas Rise for April, Says No Big Jumps Expected Soon
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
