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Bulgaria should continue pursuing its oil and gas projects while strictly adhering to environmental legislation, the Ministry of Energy has stated. This response comes after Greenpeace urged the country to halt all oil and gas operations in the Black Sea.
Environmental groups, including Greenpeace and Skytruth, have highlighted the presence of around 170 oil and ship fuel stains in the Black Sea over the past year, detected through satellite imagery.
The Ministry clarified that, currently, natural gas is extracted only from the Galata field within Bulgarian waters, and there is no active oil production. Therefore, the ministry emphasized, the oil patches identified are not linked to drilling activities or pipelines.
Bulgaria relies heavily on imports, consuming approximately 2.5 billion cubic meters of natural gas and 4 million tonnes of oil annually. Developing new deposits, the ministry noted, would help reduce this dependence.
At the same time, Bulgaria is actively investing in renewable energy and enhancing energy efficiency, which the ministry described as central to the country’s sustainable energy strategy.
The Bulgarian National Bank plans to release a 2-euro commemorative coin titled “Bulgarian Alphabet” in the second half of 2026, highlighting one of the nation’s most significant cultural and spiritual symbols
Bulgaria has advanced to fifth place in Central and Eastern Europe in terms of the number of large companies
A recent nationwide survey conducted by the TREND agency on behalf of the Technology Industry Alliance shows that Bulgarians hold a very positive view of the telecommunications sector in the country
Starting January 1, 2026, consumers in Bulgaria will need to pay extra attention to receipts, as the total amount will now be listed first in euros
Bulgarian tour operators are cautiously optimistic about the outlook for British tourists visiting the country in 2026, following Bulgaria’s presence at one of the largest tourism trade fairs in London
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
Britain has introduced a temporary exemption that permits continued business with two Bulgarian subsidiaries of the sanctioned Russian oil group Lukoil
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
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