Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Gazprom-controlled Bulgarian gas company Overgas is commencing the second stage of conventional oil and gas exploration in the Provadia block onshore in eastern Bulgaria in the beginning of July, according to the firm's press office.
Some of the activities involving specialized equipment will take place on the territory of settlements in the region of Targovishte, Shumen, Kaspichan, Veliki Preslav and Provadiya, according to Overgas' press release.
The work schedule is now being coordinated with landowners and tenants.
All mayoral administrations in the area have been notified about the launch of the exploration works.
The owners of agricultural land on the exploration site will receive compensations according to an established scheme providing for a bank transfer of the value of their output according to market prices once a statement of findings is in place.
Overgas assures that the oil and gas exploration activities it will carry out on the Provadia block have nothing to do with shale gas drilling.
The company emphasizes that the methods it uses have been deployed in Bulgaria since the middle of the 20th century.
Overgas notes that the measurements are only taken on the surface using hi-tech equipment and pose no risks to the environment and the local population.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022