A project is being launched for extending the only gas storage facility in Bulgaria at Chiren in the region of Vratsa, Northwestern Bulgaria. The state-owned company Bulgartransgaz has assigned the project to a consortium that includes Glavbolgarstroy, in partnership with American companies. The facility is scheduled to be extended up to a capacity of 1 billion cubic metres of gas or double its current volume. The Russian equipment from the 1970s and 1980s will be fully replaced by US-made equipment. The project, in which around 600 million Leva (EUR 300 million) will be invested, is expected to be completed by the end of 2024.
At the moment Chiren is 80% full. The price of the gas there is high because the facility was filled during the months when gas prices had reached their highest point. That is why it is only used as a last resort.
Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..
The Festival of Elena Dry-Cured Ham which will take place from October 24 to 26 in the town of Elena, offers a rich folklore program, competitions, demonstrations and tastings, the organizers from the Municipality of Elena and the Local Tourism Council..
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Plovdiv Airport welcomed the first flight from Milan (Malpensa) with an official ceremony on October 26. The aircraft carried 87 passengers on the newly..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
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