Latest news
European Commission approves free greenhouse gas emissions permits in Bulgaria
The European Commission gave the green light on 4 December to Bulgaria’s plan to allocate €945 million worth of carbon emissions trading allowances free of charge to modernize the electricity sector, decision in line with EU state aid rules.
read more... 05/12/2013
Gazprom starts South Stream construction works in Bulgaria
Gazprom has started the construction of the Bulgarian section of the South Stream pipeline. The pipeline will go from Russia to Bulgaria through the Black Sea, and in Bulgaria it will divide in two, with the northern leg going through Serbia, Croatia, Hungary, and Slovenia to Austria and Northern Italy, while the southern leg going through Greece to Southern Italy.
read more... 04/11/2013
Sofia to build a Bulgaria-Greece gas grid interconnector by 2016
Sofia intends to build a Bulgaria-Greece gas grid interconnector in the middle of 2016, according to the declarations made by a company official on Friday.
read more... 21/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
Bulgaria to cooperate with Gazprom on South Stream Project execution
The South Stream gas pipeline remains a project of strategic importance for Bulgaria, as the pipeline is intended to bring Siberian gas to Europe under the Black Sea. The project is set to be the main pipeline to southern Europe, as the competing Nabucco pipeline project, that was privileged by the European Union, failed at the tender stage. South Stream is expected to transport about 63 billion cubic meters of gas.
read more... 10/07/2013