As a result of the agreements reached between "Bulgargaz" EAD and "Gazprom Export", the prices for Bulgarian household and industrial natural gas customers will decrease by nearly 5% on an annual basis. This economy is due to the drop in the access and transmission charges through the territory of the Republic of Romania of 76 million BGN, which will not be paid by "Bulgargaz" EAD and the Bulgarian natural gas consumers during the coming year", Energy Minister Petkova announced at the briefing. Bulgaria's supplier "Bulgargaz" EAD is expected to have a positive financial result in an estimated amount of 4.6 million BGN for 2019/2020 gas year stemming from payment of the lower tariffs announced by "Bulgartransgaz" EAD at "Strandza" entry point.
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“The first pipes for the construction of the interconnector Greece-Bulgaria have been delivered. This became possible after the signing of a number of important documents that ensured the financing of the project and its legal sustainability was guaranteed", Energy Minister Temenuzhka Petkova said during an inspection of the progress of construction activities related to the building of the Greece-Bulgaria gas interconnector. The construction site was visited by Prime Minister Boyko Borissov, the Chairman of the Energy and Water Regulatory Commission Ivan Ivanov, the ambassadors of the USA, Greece and Azerbaijan to Bulgaria – H.E. Herro Mustafa, H.E. Dimitrios Chronopoulos and H.E. Nargiz Gurbanova.
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"We are witnessing the commissioning of the first stage of the project for expansion of the gas transmission infrastructure in the country along the Balkan Stream route – 11 kilometres from the Bulgarian-Turkish border to Strandzha gas compressor station. This is an extremely important project for both our country and the whole region and a real result of our active work to keep the strategic location of Bulgaria on the Europe's gas map", Energy Minister Temenuzhka Petkova said, taking part in the opening of the first 11 kilometres of gas infrastructure from the Balkan Stream route. According to Minister Petkova, the project is key to the implementation of our concept to create "Balkan" gas hub. It will allow diversification of natural gas supply sources and routes and will increase energy security in the region, Minister Petkova pointed out.
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Seven companies have expressed interest in participating as a strategic investor in the project. Within 90 days a working group of representatives from the Ministry of Energy, Bulgarian Energy Holding EAD, Natsionalna Elektricheska Komapania EAD and Electricity System Operator EAD will prepare a shortlist of the companies that have expressed interest in taking part in the Belene project as strategic investors.
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To the participants in the fifth meeting of the Advisory Council of the Southern Gas Corridor, which took place in Baku, Azerbaijan, Minister Petkova focused on the efforts of the Bulgarian Government to build the missing infrastructure and complete interconnections in the region as a key condition for ensuring energy security.
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The Energy Minister and Deputy Prime Minister Tomislav Donchev were introduced to the site where the upcoming activities on exploratory drilling in Khan Kubrat block are prepared, operated by Shell International Exploration and Development Italia S. p.a.
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Bulgaria is actively working to ensure energy security and highly appreciates U.S. support for the implementation of the priority infrastructure projects in this area - the interconnector Greece-Bulgaria and the LNG terminal near Alexandroupolis.
moreIn implementation of decisions of the National Assembly of 7 June 2018 and of the Council of Ministers of 29 June 2018, Natsionalna Elektricheska Kompania EAD announces a call for selection of a strategic investor for the construction of Belene nuclear power plant. The call also allows for expressions of interest to acquire a minority shareholding in the future project, as well as and/or to purchase electricity from the future power plant. An application in the procedure for selection of a strategic investor or, respectively, interest in acquiring a minority share in the project company may be submitted by Bulgarian or foreign legal entities, as well as consortium thereof. The deadline for receipt of applications shall be until the 90th day as of the date on which the call is published in the Official Journal of the European Union.
moreContacts: 8, Triaditsa Str., Sofia 1000, Bulgaria Phone: +359 2 9263 152
E-mail: e-energy@me.government.bg
