Bulgaria Calls for Enhanced NATO Security in the Black Sea and Western Balkans
The spring session of the NATO Parliamentary Assembly commenced with a call from Bulgaria to bolster NATO security in the Black Sea and the Western Balkans
The consortium uniting French Total, Austrian OMV, and Spanish Repsol, which was awarded a concession for oil and gas exploration in the Khan Asparuh Black Sea block in 2012, will invest a total of BGN 1 B – EUR 1 B, according to Bulgarian Economy and Energy Minister Delyan Dobrev.
Speaking Tuesday during a conference titled 'Gas Perspectives: First Regional Gas Conference', he made clear that the consortium would conduct planar and volumetric surveys of the deep-water block over the next few months.
Dobrev, as cited by money.bg, explained that the drilling was expected to start within three years.
He noted that the concession contract provided for the drilling of two wells at 5000 meters and 6000 meters, below sea level.
Bulgaria's Economy and Energy Minister pointed out that Block Teres block in the Black Sea had already attracted serious investor interest, with two European and one US companies buying concession documents over the past month.
Dobrev went on to say that the government would work actively to award exploration concessions for the Silistar and Sveta Marina blocks, adding that even if only one of the two yielded gas finds, the volumes would suffice to cover Bulgaria's energy needs for scores of years.
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The European Commission initiated a new infringement procedure against Bulgaria on Thursday for failing to submit a report on the energy performance of buildings as required by the directive
During his recent visit to Washington, Bulgarian Energy Minister Vladimir Malinov engaged in crucial discussions at the US State Department
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
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