Ministry of Energy

The National Electric Company (NEK EAD) might have a total profit around BGN 12.2M by the end of 2016, according to the outgoing Energy Minister Temenuzhka Petkova, cited by BGNES.

Bulgaria's Deputy Energy Minister Zhecho Stankov has refrained from elaborating on reports that an offshore gas exploration at the Black Sea block of Khan Asparuh found no deposits.

"The information as to whether there are oil and gas is to be processed and passed on to the Ministry of Energy," Stankov has told the Bulgarian National Radio.

Environmental activists and local residents are upping their campaign to stop the building of six hydropower plants on the Valbona river, arguing that they will destroy tourism in what some call the "Albanian Alps".

Eldorado Gold, has released a statement regarding the decision by Greek Minister of Productive Reconstruction, Environment & Energy confirming that Hellas Gold S.A. – a Greek subsidiary of the Canadian Company – has been made aware of the Greek Minister’s notification suspending the technical studies pertaining to the Skouries and Olympias projects in Halkidiki, northern Greece.

PRIJEPOLJE - A project aimed at using biomass for district heating in Prijepolje (southwestern Serbia) and a EUR 100 million loan were the topics of a discussion between Prijepolje Mayor Emir Hasimbegovic and officials of Germany's KFW and the climate technology initiative DKTI.

The negotiations between KazMunayGaz and the Romanian state over Rompetrol Refining will end in July, but the payment of 200 million dollars for a 26.6 pct stake in the refinery cannot be made in 2015, because 6 to 7 months are required to take all the necessary steps after the completion of the negotiations, Azamat Zhangulov, senior vice president of KMG International, said on Tuesday.

Albania's power utility, OSHEE, has scrapped a tender to buy electricity for March 11th to March 20th , after the country's power generator, KESH, offered to supply it directly with 270 MWh of electricity at a reference price.

Authorities "prepared for worst-case gas scenario"

BELGRADE -- Serbian citizens "have no reason for concern" over gas deliveries as the country has three to four months' worth of supplies, Aleksandar Antic said on Thursday.

BELGRADE - Serbian citizens have no reason for concern over gas supplies as the country has three to four months' worth of fuel supplies, Minister of Mining and Energy Aleksandar Antic said on Thursday.

Opposition leader Lulzim Basha accused the public utility company OSHEE of buying electricity from traders at the price of 57 euro per MWh, while at the same time the Albania Power Corporation, KESH, was selling traders electricity for 38 euro per MWh.

"All this abuse cost Albanian taxpayers four million euro in two weeks," Basha told a press conference on Friday.