Bulgartransgaz EAD concluded a Preliminary contract for sale and purchase of 20% of Gastrade S.A. share capital, the project company, which will implement the LNG terminal near Alexandroupolis, Greece.
The regional initiative “Three seas” unites 12 EU Member States located between Adriatic, Baltic and Black Seas, actively supported by the USA. By a proposal of the Bulgarian President Rumen Radev, Bulgaria will host the Sixth Summit of the Three Seas in 2021.
The Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the first quarter of 2020 at 44,04 BGN/MWh (excluding access, transmission, excise and VAT), which is a decrease of 0,81 BGN/MWh or 1,81% compared to the price for the last quarter of 2019.
According to the ancillary agreement to the Gas Supply Agreement between Bulgargaz EAD and Gazprom Export LLC, as of 01.01.2020 the entry-exit point is changed from Isakcha and Negru Voda to Strandzha 2 / Malkoclar (interconnection point “Strandzha 2”).
The Balkan Gas Hub company informs that as of 2 January 2020, on the trading platform starts multilateral trading on the organized exchange market, including a short-term segment (spot), a long-term segment and a brokering service
EWRC approved a natural gas trading platform and an agreement for the implementation of a natural gas release program
The Energy and Water Regulatory Commission approved the Natural Gas Trading Platform proposed by the transmission system operator - Bulgartransgaz EAD, and designated the “Gas Hub Balkan” EAD as a trading platform operator.
With the signing of an agreement between the Electricity System Operator EAD (ESO EAD) and the Independent Bulgarian Energy Exchange EAD (IBEX), Bulgaria is already part of the interconnection of the European "intraday" markets in the second wave of accession to SIDC
The sixth unit of Kozloduy NPP will continue to operate safely and steadily for the next 10 years, and after their expiration, in accordance with the law and the state of the nuclear facility, its life can be extended by another 30 years.
In its decision of today, the Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the fourth quarter of 2019 at 44,85 BGN/MWh
Last week, the Director-General of the Nuclear Energy Agency to the Organization for Economic Co-operation and Development, William Magwood IV visited Bulgaria at the invitation of the Energy Minister Temenuzhka Petkova.
With its decision of June 28th, 2019, the Bulgarian Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for the third quarter of 2019 at the amount of 44,90 BGN/MWh (excluding excise duty and VAT). It is lower by 0,27 BGN/MWh or 0,60% than the price for the second quarter of 2019.
Two key public procurement procedures for the Gas Interconnection Greece-Bulgaria have been finalized
The company ICGB AD that implements Gas Interconnector Greece-Bulgaria project successfully finalized two more public procurement procedures.
With its decision of March 28th, 2019, the Bulgarian Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for the second quarter of 2019 at the amount of BGN 45,17 per MWh (excluding excise duty and VAT).
The ICGB project company has successfully completed the public procurement procedure for the selection of Owner’s engineer for the construction of the Greece - Bulgaria natural gas interconnector. Following an open procedure, the commission assigned by the contracting authority selected the “TIBEI” consortium as a contractor.
Bulgargaz EAD has announced a tender for delivery of about 144 million cubic meters of natural gas from April to June 2019, intended to be stored in the Chiren Underground Gas Storage Facility.
ICGB AD has submitted to the regulators of Bulgaria and Greece the Network Code for the IGB gas pipeline, thus finalizing successfully the next step of the process towards the certification as an independent transmission system operator.
In fulfilment of the decision approved by the Council of Ministers and the National Assembly amending the 2020 Energy Strategy of the Republic of Bulgaria and having regard to the realization of the concept for establishment of a gas distribution hub on the territory of Bulgaria, Bulgartransgaz EAD registered a subsidiary, Balkan Gas Hub ЕAD
With its decision of December 28, 2018, the Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the first quarter of 2019 at the amount of BGN 44,80 per MWh (excluding excise duty and VAT).
With the signing of the Memorandum of Understanding for cooperation in the development of the Balkan gas hub, the Bulgarian gas transmission operator Bulgartransgaz EAD and the Austrian Central European Gas Hub (CEGH) undertook to cooperate and support the development of the gas distribution center on the territory of our country through exchange of know-how and good practices with regard to its construction, as well as information on EU legal and regulatory issues.
The capital of the Bulgarian Burgas-Alexandroupolis oil peline project company increases by BGN 120 thousand
At its today’s session, the Council of Ministers decided that the capital of the “Burgas-Alexandroupolis Project Company – BG” will be increased by BGN 120,000 through the issuance of 1200 new shares. The shares will be acquired by the state through the budget of the Ministry of Energy.
The Bulgarian Electricity System Operator EAD started the construction of a new 86-kilometer power line between Varna and Burgas substations (Dobrudzha-Burgas). The construction of the power line is expected to improve the security of South East Europe's electricity transmission system. At the same time, the security of the interconnections between Bulgaria and Romania will be ensured.
A working group, formed by the Bulgarian Energy Minister, emcompassing experts from the Ministry of Energy, companies from the group of the Bulgarian Energy Holding EAD and the Sustainable Energy Development Agency, analyzed the financial and economic situation of TPP Maritsa East 2 EAD and developed proposals to stabilize the company
The energy Regulators of Bulgaria and the Republic of Macedonia discussed specific issues for deepening bilateral cooperation
The Bulgarian Energy and Water Regulatory Commission (EWRC) and the Energy Regulatory Commission of the Republic of Macedonia have the will to develop and deepen bilateral cooperation on all topics of mutual interest in the field of electricity, natural gas and water services.
The Council of Ministers approved the update of the Energy Strategy of the Republic of Bulgaria until 2020
The proposal for amendment of the document was made by the Minister for Energy on the grounds of Art. 4, paragraph 2, item 1 of the Energy Act. The main motif is the implementation of key activities for the development of the gas transmission infrastructure in the Republic of Bulgaria
Lower settlement fee for the segment Centralized market for bilateral contracts from 1st November 2018
The Independent Bulgarian Energy Exchange has announced a reduction of the settlement fee for the market segment CMBC from 0,03 BGN/MWh to 0,01 BGN/MWh as of November 1st.
The Bulgarian Regulator has published the new prices of energy generated in high-efficiency cogeneration power plants in connection with the change in gas prices from October 1st, 2018.
A new Advisory Forum was established of the National Regulatory Authorities of Bulgaria, Greece, Serbia, Republic of Macedonia and Montenegro at the meeting held on 29 September in Thessaloniki. The Energy and Water Regulatory Commission of the Republic of Bulgaria, which initiated the Forum’s creation, was elected as its President during the first year of operation.
The Energy and Water Regulatory Commission has approved the prices at which Bulgargas EAD will sell natural gas to the end supplier and customers connected to the gas transmission network during the last quarter of 2018, which is 13,89% higher than the current price.
An amendment in the Energy Act allows the Regulator to express opinions on deals for acquisition of assets by energy companies
This was decided at the second discussion of the amendments to the Energy Act, with the specific proposed text being: “The Commission shall express opinions following the authorization or approval by other state bodies competent to deal with the transactions”.
The Independent Bulgarian Energy Exchange (IBEX) and the Electricity System Operator (ESO) have become partners in the Local implementation project 15 on interconnecting the Intraday Markets (IDM).
Between 2014 and 2017, 5 056,3 GWh of energy was saved as a result of the implementation of energy saving measures in all sectors of the economy
Electricity generation from wind, solar and biomass plants in Bulgaria dropped by 7,6% since the beginning of the year.
The Bulgarian Government has approved a draft for the amendment of the Renewable Energy Act
Changes will be introduced in the ordinance on the reduction of the burden associated with the costs for energy, generated from renewable sources
Experts from the Ministry of Energy, Ministry of Finance, Ministry of Economy and the employers’ organizations will start working on a project for updating the ordinance, which allows companies to use a discount on the component in the electricity price related to renewable energy.
The Council of Ministers has adopted changes in the national policy framework for the development of the alternative fuels market in transport sector and for the deployment of the corresponding infrastructure.
The state oil company of Azerbaijan, SOCAR, confirmed its intention to invest in the gas distribution network on the territory of Bulgaria
The Energy and Water Regulatory Commission has adopted a decision in connection with the application of Bulgargaz EAD for approval of prices for the second quarter of 2018, at which the public supplier sells natural gas to the end suppliers and to the customers connected to the gas transmission network.
The Electricity System Operator drafts changes of the rules for the management of the power system
In the presence of the Minister responsible for Energy, Temenuzhka Petkova, Bulgartransgaz EAD and the selected Bulgarian-Swiss Consortium "AF-EMG Consult" signed the contract for preparation of a feasibility study for the Balkan gas hub
The energy regulators of FYROM, Greece, Montenegro and Serbia support the proposal of the Bulgarian Energy and Water Regulatory Commission to establish a permanent Forum.
The Council of Ministers has decided to support Poland in it appeal against the European Commission’s decision of 31 July 2017
New rules for the operation of the Centralized Market for Sale/Purchase of Electricity through Bilateral Contracts enter into force today.
By its decision from 28.12.2017, EWRC approved the price at which Bulgargaz EAD would sell natural gas
The Ministry of Energy has presented for public discussion changes in the Energy Act.
The Ministry of Energy reports on 8 130 t CO2 emissions saved annually as a result of the “Energy efficiency and renewable energy” Programme
The Ministry of Energy expressed satisfaction with the results of the first programme period of the “Energy efficiency and renewable energy” Programme
The governments of Bulgaria and FYROM signed two agreements for cooperation in the energy sector.
The new 10-year license for the exploitation of Unit 5 of the Kozloduy Nuclear Power Plant enters into force today.
The Minister responsible for energy presented the priorities of the Government in the energy sector during the Bulgarian EU Presidency
The Bulgarian Minister for Energy presented the priorities of the Government during the European Presidency to the employers’ organizations and energy companies.
The Bulgarian Stock Exchange (BSE) has applied to the Commission for Protection of Competition for the acquisition of the Independent Bulgarian Energy Exchange (IBEX).
The transmission system operators of Bulgaria and Romania signed an agreement on emergency power supply, which guarantees the security of the countries’ energy systems in case of accidents.
Meeting of the Bulgarian – Russian Intergovernmental Commission for Economic, Scientific and Technical Cooperation
Bulgaria and the Russian Federation will continue to develop and deepen their cooperation in the energy sector.
The Energy and Water Regulatory Commission considers that, as of 1 October, the new rules for the entry and exit tariff model for transmission and capacity of the gas transmission systemл