The resignation of the Bulgarian government amidst massive protests against high energy prices, poverty and corruption has left the country in disarray. Prime Minister Boyko Borisov announced the resignation of his cabinet on February 20 after protests in Sofia turned violent, leaving 25 people injured,... MORE

One year after the Bulgarian parliament adopted a moratorium on shale gas exploration under pressure from environmental groups, public protests against high prices of electricity and heating have swept the country. The protests, however, seem to target the energy distribution companies and their pricing policies... MORE

After a January 27 referendum on the future of Bulgaria’s second nuclear power plant (NPP)  failed to produce a binding result, Sofia announced in a letter to the European Commission its decision to instead construct a new 1,000-megawatt (MW) reactor at the existing Kozloduy NPP... MORE

On November 15, Bulgaria signed the final investment decision on the South Stream natural gas project, becoming the last country among Gazprom partners to give the project a green light. Serbia, Hungary and Slovenia have already approved their final investment agreements with Gazprom. On November... MORE

Bulgaria has tied the approval of the South Stream gas pipeline to favorable terms in the upcoming gas supply contract with Gazprom. According to an official statement from the Bulgarian government, “The condition for the approval and signing of the final investment agreement is the... MORE

Despite Sofia’s anger with Russian demands for enormous compensation for the abandoned Belene nuclear project, Moscow remains silent just weeks before the deal on the South Stream gas pipeline is supposed to be sealed in Bulgaria’s capital. In the meantime, the center-right government of Boyko... MORE

A row between Bulgaria and Russia over compensation for the scrapped Belene nuclear power plant (NPP) project threatens to delay the start of the South Stream gas pipeline, the Kremlin’s strategic energy corridor intended to bypass Ukraine in supplying Russian gas to Europe. On the... MORE

Bulgaria is under renewed pressure from Russia to sign the final investment agreement on the South Stream gas pipeline by November 15, 2012. Otherwise, Gazprom threatens to forsake the promised 11 percent discount for natural gas supplies, which was supposed to be given for the... MORE

Potential large shale gas deposits in Europe have raised hopes that the old continent may in the future rely less on oil and natural gas imports from Russia. However, fears of potential environmental effects of hydraulic fracturing and the lack of a clear policy by... MORE

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... MORE