News

From Bulgaria
13.04.2016 16:06

Bulgaria Increases Again the Capital of Burgas – Alexandroupoli Pipeline Company

The Bulgarian government announced today it has approved an increase to the capital of the “Project Company Oil Pipeline Burgas – Alexandroupolis BG” EAD for the cancelled oil pipeline project Burgas – Alexandroupoli, through
13.04.2016 15:59

Sofia Gets BGN 15 m from the Buldget for New Metro Line

Sofia Municipality will receive BGN 15 m (about EUR 7.5 m) from the state budget for the construction of Line 3 of the metro system spanning from Vladimir Vazov Blvd. to Krasno Selo district. The line will be 8 km-long with eight stations, with
12.04.2016 17:03

Total E&P Bulgaria Will Present the Drillship for Bulgaria’s Han Asparuh Block

Total E&P Bulgaria announced it will present the drillship Noble Globetrotter II which is meant to start exploration drilling in the Han Asparuh Block in the Black Sea. The Noble Globetrotter II, which sails under Liberian flag, is currently
11.04.2016 17:36

Moscow Has Not Discussed the Idea of a Bulgarian Gas Hub (Energy Minister)

The subject of a gas hub in Bulgaria has not been discussed in Moscow, Russian energy minister Alexander Novak told the Bulgarian National Radio. Moscow has learnt about this idea from the media, but there have not been any official steps towards
11.04.2016 12:54

Bulgartransgaz Unveiled Modernised Key Transit Gas Compression Station

Bulgarian state-owned gas grid operator Bulgartransgaz inaugurated today the modernised Strandzha compression station near Burgas. The facility is of key importance and manages some 85 per cent, or 14 bn cub. m annually, of the natural gas transported
08.04.2016 14:09

Bulgarian Power Exchange to Have Intraday Platform in Early 2017

The Independent Bulgarian Energy Exchange (IBEX) is set to have an operating platform for intraday contracts as of early 2017, Bulgarian energy minister Temenuzhka Petkova said at a conference dedicated to regulation harmonization in South East Europe
07.04.2016 12:27

Bulgaria’s Overgas to Sue Gazprom over Gas Deliveries Halt

Bulgarian gas supplier Overgas intends to sue its shareholder - Russia’s Gazprom, because the Russian company stopped supplying its Bulgarian partner with natural gas. Meanwhile Gazprom is about to sell its share to Overgaz for an undisclosed
06.04.2016 11:12

Atomenergoremont AD Listed at the Alternative Market of the Bulgarian Stock Exchange

The Board of Directors of the Bulgarian Stock Exchange-Sofia (BSE) has decided to move the listing of Atomenergoremont AD-Kozloduy (68A:BLG). The company's issue of shares has been placed under surveillance for a period of three months ever since
04.04.2016 16:21

CEZ Distribution Bulgaria Reports Increase of Electricity Thefts in 2015

There have been a total of 6,458 instances of illegal electricity consumption in 2015 on the territory that CEZ Distribution Bulgaria services, the company reported. In the previous year there have been 4,892 proven instances of electricity thefts,
01.04.2016 14:20

Bulgarian Households and Small Business Can Switch Power Supplier

As of April 1, Bulgarian households and small businesses connected to the low voltage grid can effectively switch their electricity supplier. This was made possible after the Energy and Water Regulatory Commission (EWRC) issued a guidance for the
01.04.2016 14:12

Six Companies Interested in Capacity Allocation for Greece-Bulgaria Gas Interconnector

Six companies have expressed interest in the procedure for capacity allocation for the Greece-Bulgaria Gas Interconnector (ICGB). These are Bulgarian state-owned supplier Bulgargaz, Greek gas company DEPA, Italy’s Edison, U.S. Noble Energy,
01.04.2016 12:58

Lukoil Neftochim Refinery in Bulgaria Fined for Pollution

The Lukoil Neftochim refinery in the seaside city of Burgas in Bulgaria will be fined BGN 200,000 – 250,000 (about EUR 100,000) because it polluted the air with hydrogen sulfide. The accident occurred during test procedures performed on one
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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