Russia seeks to double cost of Bulgaria’s Belene NPP

AtomStroyExport’s proposal for adjusting the base price for construction of the two reactors in Bulgaria’s Belene nuclear power project is double the EUR 3.997 billion offer on which the Russian firm was picked over ... More

Czech CEZ freezes Bulgarian projects on low return

Czech power utility CEZ is open to invest in any country that offers return but it is not sure that Bulgaria offers such conditions at the moment, news agency Focus quoted CEZ Bulgaria chief operating officer (COO) Ales Damm as ... More

Strategic partnership with NIS to secure larger export for HIP-Petrohemija

Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Director General of the Serbian oil industry Naftna Industrija Srbije (NIS) Kirill Kravchenko signed an Agreement on Long-Term Cooperation ... More

US Ambassador Warlick Lobbies for Shale Gas Extraction in Bulgaria

Shale gas extraction gives Bulgaria an opportunity for diversification, US Ambassador James Warlick told a news briefing here on Tuesday, presenting the US Chevron Corporation, which applied to the Government in May 2010 for a ... More

TACRA approves several important decisions in the field of eolic and water energy

Premier Berisha chaired today the meeting of Territorial Adjustment Council of Republic of Albania (TACRA), which reviewed and approved several important decisions in the field of energy. Premier Berisha, at the same time ... More

Bulgaria to set up new body for renewable project mapping

Bulgaria will establish a new government agency in 2011 that will be in charge of sustainable energy development, according to the country’s new sector strategy by 2020. The document was presented on Thursday, just ... More

Romania and South Korea – new round of talks on nuclear energy

Romania wants to continue its collaboration with South Korea in the nuclear energy sector, officials of the Ministry of Economy, Trade and the Business Environment announced (MECMA), on Friday, quoted by Mediafax. A delegation ... More

E.ON to sue Bulgaria

E.ON Bulgaria, the local unit of Germany’s E.ON, said that the reduction of distributors’ tax-deductible expenses due to grid losses will have a devastating impact on the company and could drive it to a loss within ... More

Romania Starts Talks with Gazprom for Joining South Stream

Russian energy giant Gazprom and Romania have started negotiations for the latter’s inclusion in the South Stream gas transit pipeline project, whose primary Balkan hub is supposed to be Bulgaria. The matter of the talks ... More

Turkey, Greece, Italy sign memo on natural gas pipeline

A memorandum of understanding on the Turkey-Greece-Italy Natural Gas Pipeline was signed in Ankara on Thursday (June 17th). Under the agreement, Turkey's Petroleum Pipeline Corporation (BOTAS), Italy's EDISON and Greece's DEPA ... More

Greek minister on Renewable Energy Sources

Environment, Energy and Climatic Change Minister Tina Birbili on Monday evening presented the government's initiatives to promote Renewable Energy Sources and the main arrangements contained in the relevant bill, at the ... More

Kosovar and Albanian energy companies renew the agreement on electricity exchange

Kosovo Energy Corporation (KEK) and the Albanian Power Corporation (KESH) in Tirana have renewed the agreement for exchange of electricity, estimated as a step towards the consolidation of two electricity distribution ... More

Skundric visits energy community in Vienna

Serbia should represent a Western Balkan gas ring that will ensure a full supply of natural gas to the region, Serbia's Energy Minister Petar Skundric said in Vienna on Thursday, where he headed a ministry's delegation on a visit ... More

Eni Romania invests EUR 4M to expand filling station chain

The company in March relocated 1,200 sq m warehouse to Atlas Business Centre in Pipera Road. One of the world’s biggest operators in the energy sector, Agip-Eni, represented in Romania by 37 fuel filling and services ... More

JANAF-OPTIMA deal for oil transport

The Croatian national body for oil pipeline management Jadranski Naftovod (Janaf) and the Bosnia company Optima Grupa - part of Russian oil company Zarubreznjeft - have signed an agreement for the transport of oil. The Italian ... More

Russians Blame Delay of Oil Pipeline on Bulgarian Debt

A Transneft official has blamed the delay of the Burgas-Alexandroupolis pipeline on Bulgaria. Map by BBC Bulgaria has failed to pay its share for the Burgas-Alexandroupolis oil pipeline, which has affected the project, according ... More

South Stream obstructed by Eni

The South Stream gas pipeline, which will cross Bulgaria to carry Russian gas to Italy and Austria, is practically laid to rest and Europe’s gas market is spinning out of control for Gazprom, Newsweek said in an extensive ... More

Bulgaria to join pipeline project

The Energy and Tourism ministry announced Thursday (March 4th) that Bulgaria will join Turkey-Greece-Italy natural gas pipeline, part of the EU's southern energy corridor. Minister Traycho Traykov signed a contract in ... More

Croatia Signs Agreement to Join Russia’s South Stream Pipe

Croatian Prime Minister Jadranka Kosor (back-L) and Russian Prime Minister Vladimir Putin (back-R) attend a signing ceremony after their talks in Moscow, Russia 02 March 2010. Croatia joined the South Stream gas transit pipeline ... More

NEK to pay off BGN 90m debt to Kozloduy NPP

The Bulgarian Energy Holding (BEH) -- the catch-all structure for the nation’s top energy assets -- will provide a loan to state-run power utility NEK to repay BGN 90 million in power purchase debt to Kozloduy nuclear ... More