Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

6 New Tenders for Natural Gas Exploration in Bulgaria Imminent
Date: 25/11/2010
6 New Tenders for Natural Gas Exploration in Bulgaria Imminent

The Bulgarian government is planning 6 new tenders for natural gas exploration permits in the near future, Diana Yaneva from the Ministry of Economy has told Novinite (Sofia News Agency).

This information comes in a context where shale gas - a novel approach of extracting gas dissolved in clay-like rocks - is becoming popular in Bulgaria.

This far two companies involved in shale gas production - Direct Petroleum and Park Place Energy - have received permits from the government. Major US company Chevron has also been expressing strong interest, backed by US ambassador to Sofia James Warlick.

Direct Petroleum has already announced a sizeable shale gas discovery and might start production at a smaller site by 2011.

Six new tenders for gas exploration are currently developed to be launched, according to Diana Yaneva, director of the Underground Resources and Concessions Directorate at the Bulgarian Ministry of Economy, Energy and Tourism (the entity in charge of bids for exploration and drilling permits), speaking for Novinite.

Two of them – for the Novi Pazar and Silistra blocks – have already been given approval by government (as is required by Bulgarian legislation), and just have to be published in the Official Journal of the EU in order to be formally started.

Topic: Economy

Featured District
Invest Bulgaria Charts
Gross External Debt of Bulgaria
Gross External Debt of Bulgaria

Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

See all charts
Did You Know?
Bulgarian Weddings
Bulgarian Weddings
In Bulgaria, wedding bands on worn on the right hand, not the left as in the West. ... More

Gena Dimitrova is reputed to possess one of the most prestigious voices ever, one of the few dramatic sopranos of the past 30 years, belonging to that class of artists who have tackled with disarming ease the most demanding of the heavyweight roles. Her voice blends an inherent lyrical beauty, superbly sustained by the refined technique of a soprano leggero with an impressive dynamic range culminating in an intensely powerful volume.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members