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Bulgaria's Minister of Energy Rumen Radev

Energy Minister: There are grounds to proceed to exploratory drilling in one of the gas deposits near Varna

There are grounds to proceed to a real exploratory drilling in one of the deposits in the Bulgarian aquatory of the Black Sea, with a potential of 5 billion cubic meters of gas per year, Bulgaria’s Minister of Energy Rumen Radev said for bTV...

17.07.23 09:10 |

Out of all European countries, the war in Ukraine has affected Bulgaria most: State Intelligence Agency report

To attain its goals in the European countries, Russia has continued to use a vast array of hybrid tools. This is one of the principal conclusions in the 2022 annual report by the State Intelligence Agency (SIA). The report emphasizes that out of..

11.07.23 08:40 |

The price of gas for July will be 8% lower

Natural gas in July will cost 60.58 BGN /30.97 EUR/ per megawatt hour (MWh) without taxes and fees, or 8% lower than in June, which was 65.82 BGN/MWh /33.65 EUR/, the Commission for Water and Energy Regulation finally decided.  At this price,..

01.07.23 16:45 |

Natural gas to become significantly cheaper in June

Natural gas prices should drop by 15% as of June 1. This proposal was submitted to the Commission for Energy and Water Regulation by the executive director of Bulgargaz, Denitsa Zlateva.  Initially, on May 11, it was discussed that the reduction..

29.05.23 11:49 |

Natural gas continues to drop in price

Natural gas prices will continue to fall in the next two months . The Bulgarian gas company Bulgargaz submitted to the Commission for Energy and Water Regulation (KEVR) an application for approval of a price for June 2023 in the amount of 35 euros per..

11.05.23 19:05 |

Kyiv calls for tougher sanctions against Moscow

In his nightly address, Ukraine’s President Volodymyr Zelenskiy called for tougher sanctions against Moscow after Russian forces again attacked civilian cites in Ukraine . A working group of American and Ukrainian experts proposes cutting off Russian..

26.04.23 09:27 |

The price of natural gas expected to fall 18% in May

The price of natural gas for May is expected to be EUR 37-40 per megawatt-hour, which is 18% less as compared to April, the CEO of the state-owned gas supplier Bulgargaz Denitsa Zlateva said. "We will submit the final price application on May 1, but..

25.04.23 11:58 |

Balkan developments

Romanian President Klaus Iohannis on official visit to Latin America Romanian President Klaus Iohannis paid an official visit to Brazil, as part of his Latin American tour. His visit to Brazil, which is Romania's biggest trading partner in..

21.04.23 13:04 |

Discussion on the future of natural gas in Southeast Europe takes place in Sofia

A round table on the topic of "The Future of Natural Gas in Southeastern Europe" takes place on March 28 in Sofia and is organized by the Center for the Study of Democracy. An analysis of the long-term visions for the security of..

28.03.23 07:55 |

The price of gas for March is 14% lower

Bulgaria's Commission for Energy and Water Regulation approved the price of natural gas for March in the amount of 106.74 BGN/MWh /54.58 EUR/, excluding prices for access, transmission, excise duty and VAT.  At this price, the Bulgarian gas..

01.03.23 18:55 |
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