Bulgaria

Bulgaria: SUNOTEC signs five-year hedge agreement with Shell Energy Europe to support 600 MWh battery storage project

German-Bulgarian renewable energy company SUNOTEC has signed a five-year cross-border spread hedge agreement with Shell Energy Europe, aimed at ensuring price stability for its 600 MWh battery energy storage system currently under development in Bulgaria. The partnership represents an important milestone in enhancing financial predictability for large-scale energy storage projects in southeastern Europe. The agreement […]

Bulgaria: SUNOTEC signs five-year hedge agreement with Shell Energy Europe to support 600 MWh battery storage project Read More »

Bulgaria weighs options for Lukoil Burgas refinery amid U.S. sanctions and energy security concerns

Bulgaria is maintaining active coordination with both the European Union and the United States regarding the uncertain future of the Lukoil Neftochim Burgas refinery, said Pavela Mitova, Chair of the Parliamentary Committee on Energy. She confirmed that domestic fuel supplies remain stable and that reserves are sufficient for the coming months, but emphasized that a

Bulgaria weighs options for Lukoil Burgas refinery amid U.S. sanctions and energy security concerns Read More »

Bulgaria: Electricity production up 7.5% in 2025, driven by strong growth in renewables

According to data released by Bulgaria’s electricity transmission system operator ESO, the country’s electricity production between January 1 and November 2, 2025, rose by 7.51 percent compared to the same period in 2024, reaching 33.68 TWh. Electricity consumption also increased, growing by 6.42 percent to a total of 31.61 TWh. As a result, Bulgaria recorded

Bulgaria: Electricity production up 7.5% in 2025, driven by strong growth in renewables Read More »

Bulgaria: KEVR approves November gas price increase secures stable supply from Azerbaijan and LNG imports

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 7.88 percent increase in the wholesale natural gas price for November 2025, raising the rate to approximately 33.7 euros per megawatt-hour, excluding VAT and excise duty. This follows a smaller, 1 percent increase approved for October. Despite the adjustment, the newly approved price

Bulgaria: KEVR approves November gas price increase secures stable supply from Azerbaijan and LNG imports Read More »

Bulgaria imposes temporary ban on fuel exports to EU amid sanctions on Russian oil companies

The Bulgarian Parliament has approved a government-backed proposal to restrict the export of petroleum products to other European Union member states, citing the need to protect national energy security in response to new US sanctions targeting Russian oil companies. The decision follows Washington’s announcement of sanctions against Rosneft and Lukoil, which include freezing their US-based

Bulgaria imposes temporary ban on fuel exports to EU amid sanctions on Russian oil companies Read More »

Bulgaria: TPP Bobov Dol reports sharp profit drop despite higher revenues in 2025

Bulgarian thermal power plant Bobov Dol recorded a net profit of approximately 510,000 euros in the first nine months of 2025, a significant decrease compared to 2.3 million euros in the same period last year. The company’s total revenues reached 144.5 million euros, marking a 31.5 percent increase compared to the corresponding period in 2024.

Bulgaria: TPP Bobov Dol reports sharp profit drop despite higher revenues in 2025 Read More »

Bulgaria records sharp decline in electricity and gas consumption in August 2025

According to data from the Bulgarian National Statistical Institute, electricity production in August 2025 decreased by 3.5 percent compared to July, reaching 3,154 GWh, while electricity consumption fell by 7.4 percent to 2,561 GWh. Natural gas consumption dropped by 2.5 percent on a monthly basis to 155 million cubic meters, with production remaining unchanged at

Bulgaria records sharp decline in electricity and gas consumption in August 2025 Read More »

Bulgaria: Bulgargaz proposes November gas price increase amid rising seasonal demand

Bulgaria’s state-owned gas supplier Bulgargaz has proposed an increase in the wholesale natural gas price for November 2025. The suggested price is around 33.7 euros per megawatt-hour, representing a 7.88 percent rise compared to October’s approved price of about 31.2 euros per megawatt-hour, which itself was around 1 percent higher than in September. The company

Bulgaria: Bulgargaz proposes November gas price increase amid rising seasonal demand Read More »

Bulgaria confirms fuel supply security amid US sanctions on Lukoil, ensures refinery stability and job protection

Energy Minister Zhecho Stankov has confirmed that Bulgaria’s fuel supply remains fully secure despite the recent US sanctions imposed on Lukoil and its subsidiaries. He noted that the country’s key oil infrastructure—comprising the refinery, pipelines, and the Rosenets port—has been designated as strategic national and energy security assets under a government decree dating back to

Bulgaria confirms fuel supply security amid US sanctions on Lukoil, ensures refinery stability and job protection Read More »

Bulgaria: NPP Kozloduy begins annual maintenance of Unit 6 to start 31st fuel cycle

Bulgaria’s only nuclear power plant, Kozloduy, announced that Unit 6 will undergo its annual maintenance shutdown from October 25 to December 1. According to the plant’s management, all planned work is fully funded and will be carried out by qualified personnel, ensuring the maintenance process meets the highest technical standards. During this period, systems and

Bulgaria: NPP Kozloduy begins annual maintenance of Unit 6 to start 31st fuel cycle Read More »

Scroll to Top