Russian energy company Lukoil has announced plans to sell its largest asset in the Balkans, the refinery in Burgas, to a Qatari-British consortium until the end of the year, marking a significant shift in Moscow’s influence over energy supplies in Southeastern Europe, as reported by the Financial Times. The sale has been approved by the…
On November 5, Westinghouse Electric Company, Hyundai Engineering & Construction Co. and “Kozloduy NPP – New Powers” EAD signed a contract in Sofia to initiate engineering services for two nuclear reactors using Westinghouse’s AP1000(r) technology. The event was attended by Bulgarian Prime Minister Dimitar Glavchev, Energy Minister Vladimir Malinov, U.S. Ambassador Kenneth Merten and executives…
Capital investments in the production, processing and supply of energy resources in Ukraine increased 2.2-fold YoY in 2023, to UAH 109.3 billion, a study conducted by the DiXi Group analytical center showed. “Capital investments in the production, processing and supply of energy resources in 2023 amounted to UAH 109.3 billion, 2.2 times more than in…
With 100 days to go before the planned synchronisation of the Baltic power grids with continental Europe, Energy Minister Dainius Kreivys does not expect Russian provocations against Lithuania. He points out that Moscow is also dependent on Lithuania energetically, as it is a transit country for gas and electricity going to the Russian region of…
The underground gas storage facility “Chiren” has reached its full storage capacity, according to an announcement by Bulgartransgaz. As stipulated by European Regulation 2017/1938, EU countries are required to ensure that gas storage facilities are at least 90% full as of November 1 each year to secure supply. For the second consecutive year, Bulgaria has…
Naftogaz Trading Gas Supply Company LLC, supplying gas to district heating providers, state-financed entities and religious organizations, has signed gas supply contracts with more than 6,000 consumers for the duration of the heating season. The relevant statement was made by the company’s press service. “As part of the ongoing contracting campaign, the company has already…
The Government is expanding opportunities for citizens and businesses to install alternative energy sources. To develop distributed electricity generation, the Government provides affordable financial resources so that citizens and businesses can purchase the necessary energy equipment. For private households, there is an interest-free rate for the installation of solar panels, wind turbines and energy storage…