Kazakhstan’s national oil company, KazMunaiGas, is considering the possibility of acquiring the Bulgarian oil refinery Lukoil Neftohim Burgas AD, which belongs to the Russian company Lukoil, Kazinform news agency reports, confirming discussions that have already appeared in the press. The Kazakh agency is the first to publish KazMunaiGas’ position on the matter. “JSC NC KazMunaiGas […]
Kazakhstan’s state oil company KazMunayGas, which controls Rompetrol Group, has submitted a bid to buy Bulgaria’s Lukoil refinery, according to two people familiar with the negotiations, cited by Bloomberg. Litasco SA, the main shareholder of Lukoil Neftohim Burgas AD – the company that runs Bulgaria’s only Burgas refinery – and its subsidiary have already accepted […]
The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. The Tenevo plant is expected to generate more than 300 GWh of electricity a year and save 250,000 tonnes of carbon emissions annually. A parallel […]
The last pipeline transit route of Russian gas to Central Europe that would remain functional after the transit through Ukraine is stopped can also be closed, in theory. From Bulgaria. Bulgaria, a transit country for Gazprom’s gas reaching southern Europe via the TurkStream pipeline, can play a key role in concluding the current agreement between […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, is expanding its natural gas supply business to the Bulgarian market, the oil company said in a press release. Starting from October, industrial consumers in Bulgaria can benefit from OMV Petrom’s offer. By entering the supply market in Bulgaria, OMV Petrom builds on its experience […]
Despite the fact that renewable energy is much less developed in Bulgaria than in Romania, our neighbors have a battery storage facility for electric energy more than twice as large as the largest one in Romania. “We are happy to share that the Battery Energy Storage System (BESS) in Razlog, Bulgaria was officially inaugurated yesterday! […]
Greece’s Energy Minister Theodore Skylakakis said on Monday that the EU’s single electricity market was not working for Southeast Europe, adding that he would work with Romania and Bulgaria to find a permanent solution to exploding electricity prices in the region. informs Reuters, transmits Agerpres. Greece gets almost half of its electricity from photovoltaic and […]
Greece is launching an initiative to form a common front with the Balkan countries of the European Union on electricity prices, as their dramatic rise, first seen in south-eastern Europe in July, appears to be more than temporary, but tends to become permanent and its effects cannot be combated by government subsidies, writes the Greek […]
Bulgaria has offered to help Hungary overcome the effects created by the sanctions imposed on the Russian oil group Lukoil by the authorities in Ukraine, which practically stopped the deliveries of Russian oil through the territory of Ukraine, the Hungarian Minister of Foreign Affairs, Peter Szijjarto, said on Wednesday at the meeting of the Partnership […]
The interim government in Sofia on Wednesday gave Bulgarian Energy Minister Vladimir Malinov a free hand to sign an agreement next week in Baku to include Bulgarian Energy Holding (BEH) or its subsidiary in the Azeri project to build a submarine cable through Black Sea to Europe, to transfer energy from renewable sources. Bulgaria’s participation […]
The European Investment Bank (EIB) will provide advisory support to Natsionalna Elektricheska Kompania EAD (NEK), Bulgaria’s national electricity company, in preparing the construction of two large pumped-storage hydropower plants in the southwestern part of the country. The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 megawatts […]
Hungary and Bulgaria have a close alliance regarding the security of natural gas supply and the use of nuclear energy, Foreign Affairs and Trade Minister Peter Szijjarto said in Budapest, adding that this has greatly contributed to long-term energy security. long of Hungary, reports MTI. According to a press release from the Ministry of Foreign […]
Bulgaria is seeking support from the US Trade and Development Agency (USTDA) to fund a feasibility study for a pilot project to produce and use green hydrogen at the Chiren natural gas storage facility in the northwest of the country, the only one in Bulgaria. Bulgartransgaz submitted a funding request to USTDA, an independent government […]
Bulgaria is an important transit country for neighboring states that receive Azerbaijani gas through its territory, said the President of Azerbaijan, Ilham Aliyev. In his opinion, more and more countries will use this option. The head of state spoke at a joint press conference with the president of Bulgaria, Rumen Radev, who is making an […]
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