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Latest Articles about Bulgaria
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Protests against Rising Energy Prices in Bulgaria: Will Sofia Follow Warsaw and Kyiv’s Lead on Shale Gas?
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
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The Perpetual U-Turns in Bulgaria’s Nuclear Energy Policy
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
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EU and US Policy on South Stream Remains Ambiguous
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
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Bulgaria: The Bargaining on South Stream Continues
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
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Will Putin Sign the South Stream Deal with Bulgaria in Person?
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
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Russia’s Bullying Backfires in Bulgaria
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
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Gazprom Denies Price Discount until Sofia Accedes to South Stream
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
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EU Parliament Divided on Shale Gas and Oil
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
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Bulgaria Considers Joining Gazprom’s South Stream While Seeking Alternative Options
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
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Bulgaria Quits Belene Nuclear Power Plant, Open Doors to South Stream
Bulgaria scrapped plans to build its second 2,000-megawatt Belene nuclear power plant (Belene NPP) on the Danube River (Trud, Capital, Dnevnik, BNT, March 28). The Belene NPP is the second Bulgarian-Russian energy project that Sofia quit in the last four months. In December 2011, Sofia... MORE