Text size

13 billion cubic meters of gas estimated in the Khan Asparuh exploration block near Varna

published on 7/9/23 11:30 AM

Photo: BNR archive

French Total and Austrian OMV, who are exploring the Black Sea gas deposits, expect to find 13 bcm in the Khan Asparuh exploration block near Varna. The two companies told this to the Parliamentary Energy Committee and the news was announced on Facebook by Committee Chairman Delyan Dobrev. He will propose the state to join the consortium as a shareholder with up to 35% stake. The MP will submit the draft next week.

Former Energy Minister Dobrev points out that Bulgaria uses 2.5 bcm annually. The expected production of Bulgarian gas in the Bulgarian special economic zone in the Black Sea will be 5 times higher, so the country will be able to export blue fuel to Europe.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 13 bcm Black Sea Delyan Dobrev gas gas deposits Khan Asparuh Khan Asparuh block OMV Total

More from category

Bulgaria's Fiscal Council recommends introducing budget savings measures in 2026 state budget

In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..

published on 10/28/25 11:51 AM

No disruptions or price increases expected on Bulgaria’s fuel market

No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..

published on 10/24/25 10:22 AM

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies

The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..

published on 10/22/25 2:38 PM