United Kingdom Prolongs Lukoil License for Operations in Bulgaria
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
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Bulgaria’s Energy Minister Temenuzhka Petkova will participate in the official granting of llicense for the operational life extension of sixth unit of Kozloduy Nuclear Power Plant, the press office of the Ministry of Energy announced on September 30. The event will take place on October 1, 2019 at 1.30pm at the Nuclear Regulatory Agency building.
The operational life extension of units 5 and 6 of the nuclear power plant is a priority task set out in the Energy Strategy of the Republic of Bulgaria. Following the successful finalisation of the activities of the extension project of Unit 5, on November 6, 2017, the Nuclear Regulatory Agency granted a license for the next 10 years.
Petkova stressed that the plant provides 33% of the electricity for the state and is a guarantee that Bulgarian consumers will receive clean energy at a good price.
On September 4, the NPP celebrated its 45th anniversary. During this period, Kozloduy NPP produced more than 625 million megawatts of electricity, saving carbon emissions by over 743 million tonnes.
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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
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
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
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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
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