Two American financiers, one of whom has ties to the former U.S. President Donald Trump’s campaign, have initiated talks with Bulgarian officials over a potential investment in Chiren, Bulgaria’s state-owned underground gas storage facility. According to multiple sources familiar with the discussions, the interest centers on joining a government-backed plan to double the facility’s capacity.…
In the first quarter of 2025, the state-owned company Bulgargaz reported a significant reduction in financial losses linked to its contract with the Turkish gas firm Botas and, notably, posted a profit from natural gas sales. Bulgargaz’s losses for the first three months of 2025 totaled 32.443 million leva, a substantial improvement compared to the…
Ukraine’s Minister of Energy Svitlana Grynchuk held a meeting with the Ambassador of the Republic of Turkiye to Ukraine Mustafa Levent Bilgen, during which the parties discussed expanding cooperation in the energy sector and protecting energy infrastructure. Svitlana Grynchuk and Mustafa Levent Bilgen explored prospects for developing bilateral projects, particularly in the areas of natural…
The Serbian oil company NIS, majority-owned by Russia’s Gazprom, has officially decided to exit the Bulgarian market. Its Board of Directors has approved the sale of its local subsidiary due to ongoing difficulties in downstream operations within Bulgaria. Specific details surrounding the deal remain undisclosed, pending further clarity. NIS currently operates 22 gas stations in…
The Energy and Water Regulatory Commission (EWRC) has set the price of natural gas for August at 62.09 BGN (31.75 euros) per megawatt-hour (MWh), excluding access, transmission, excise and VAT charges. At this rate, Bulgargaz will supply gas to end users and to licensed producers and distributors of thermal energy, according to an official statement…
In accordance with the Cabinet of Ministers decision, Naftogaz has transferred UAH 10.4 billion in dividends and corporate income tax to the state budget based on its 2024 performance. As directed by the government, Naftogaz has already allocated the rest of its profit to help prepare the country for the winter heating season, including the…
On July 24, a ceremony to hand over heat pump equipment for the Vinochok kindergarten was held in Boryspil (Kyiv region). The equipment was handed over as part of the joint Emergency Recovery and Reconstruction Project with the support of the Japan International Cooperation Agency (JICA). The event was attended by the Deputy Minister of…