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Gazprom has announced that it is on track with the South Stream project on the Bulgarian section of the pipeline. The announcement comes following a meeting at Gazprom's headquarters yesterday between CEO of Gazprom Alexey Miller and Bulgarian Minister for Energy Delyan Dobrev. A statement from...
The South Stream natural gas pipeline project through the Black Sea is a Russian-EU partnership. “Often our project is perceived as a purely Russian enterprise. In fact, it’s based on parity,” Sebastian Sass, Head of Communications & Spokesperson, South Stream Transport AG said.
Romania's new government has said it is planning an immediate moratorium on the exploration of shale gas. The government, headed by newly designated Prime Minister Victor Ponta, is expected to enact the moratorium on Monday with the backing of the cabinet. Reuters reports that a government document...
The State Oil Company of Azerbaijan Republic (SOCAR) and Bulgarian Energy Holding (BEH) have today signed a Memorandum of Understanding (MoU) to cooperate on gas. The MoU will see increased supply of Azeri gas to Bulgaria, as well as cooperation on gas projects between the two. VP of SOCAR Khoshbakht...
A moratorium against shale gas activity in Bulgaria could be soon lifted following talks in parliament, Bulgarian MEP Iliyana Yotova has said. The first steps to lifting the ban will reportedly be undertaken today during a council meeting with the Bulgarian president, during which shale gas...
In the context of tightening resource supply, Bulgaria is more than ever keen on exploring any possibility to guarantee its energy security. Recent months have been rich in events related to shale gas production as a possible way for the country to diversify its gas supply and diminish its dependence...
It wasn’t a Happy New Year for international shale gas explorers in Bulgaria when the January moratorium on hydraulic fracturing went into effect. The hydraulic fracturing ban in Bulgaria can’t be attributed to pro-Russian interests, domestic political opposition, or a few months of protest...
The once solid bans on fracking technology to extract shale gas in Bulgaria and France are weakening. Both countries have established committees to examine the technology and practices throughout the EU. The Bulgarian parliament has established an ad-hoc committee to examine EU practices, while the French...
On March 30 on his maiden visit to Moscow, Bulgarian Economy and Energy Minister Delyan Dobrev struck a poor deal with Russia. Under imperative instructions from his prime minister, Boyko Borissov, Dobrev tentatively promised a final investment decision by November 15, 2012 regarding the Bulgarian section...
Park Place Energy has said that it is not seeking to explore for shale gas in Bulgaria and is instead seeking conventional gas and coal-bed methane in the Dobrich basin area of that country. The company said it was motivated to provide a press release explaining its work programme in the country to...