Bulgaria

Bulgaria: Over 87% of Chiren gas storage booked for 2025/2026

Bulgarian gas operator Bulgartransgaz announced that over 87% of the available capacity at the Chiren underground gas storage facility for the 2025/2026 gas year has already been reserved, totaling nearly 567 million cubic meters. Fifteen companies secured storage rights, including eight with foreign ownership. Remaining capacity, along with injection and withdrawal services, will be auctioned […]

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Bulgaria confirms Belene nuclear reactors will not be sold to Ukraine

Bulgaria will not proceed with the sale of two nuclear reactors from the Belene nuclear power plant to Ukraine, Deputy Prime Minister and Bulgarian Socialist Party (BSP) leader Atanas Zafirov confirmed during a press briefing after a meeting of the BSP Executive Bureau. He emphasized that this decision was made collectively by the ruling coalition,

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Bulgaria: Energy Minister highlights regional gas infrastructure and cooperation to boost energy security

At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest

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Bulgaria: Natural gas prices could drop further, heating hike requests lack justification

Plamen Mladenovski, the newly appointed Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR), has said that natural gas prices in the country could decrease by at least 10% in the near future, as global market prices continue to decline. He pointed out that KEVR has already reduced natural gas prices for April

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Bulgaria: US tariffs unlikely to impact Kozloduy nuclear expansion

Bulgarian Energy Minister Zhecho Stankov has expressed confidence that potential U.S. tariffs will not affect the budget for constructing Units 7 and 8 at the Kozloduy nuclear power plant. Responding to media inquiries, Minister Stankov stated that he does not foresee any import duties or tariffs being imposed on the nuclear reactors—either by the United

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Bulgaria: IBEX reports decrease in electricity trading volumes and prices in March 2025

In March 2025, a total of 2,396,369.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 7.7% decrease compared to February. The average daily traded volume for the month was 77,302.3 MWh. When compared to the same period in 2024, the traded volume in March was

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Bulgaria sees significant increase in electricity production and renewable energy share in Q1 2025

According to data published by Bulgaria’s electricity transmission system operator, ESO, electricity production in Bulgaria between January 1 and March 30, 2025, increased by 16.83% compared to the same period in 2024, reaching a total of 11.74 TWh. During this period, electricity consumption in Bulgaria also saw a rise of 7.77%, reaching 11.14 TWh. As

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