• Login
  • Search:

Fri, May 24 2013

Bulgaria to call more tenders for shale gas exploration

Tue, Jul 19 2011 22:06 CET

byDnevnik.bg

1934 Views
Bulgaria to call more tenders for shale gas exploration

Photo: Reuters

Bulgaria plans to call further tenders for exploration of shale gas in the country, Economy Minister Traicho Traikov said on July 19 on the sidelines of a forum on alternative gas extraction.

"There wil be tenders for exploration of new fields in northern Bulgaria," Traikov said, highlighting that the procedure for launching exploration work near the town of Novi Pazar, which was recently won by US oil and gas group Chevron, complied with the international standards.

Signing the contract with Chevron is "a matter of days," Traikov said, as quoted by Bulgarian news agency BTA.

The minister said that the process of exploration for shale gas was no different than any other drilling procedure.

The forum was attended by Environment Minister Nona Karadjova, who was positive that "all rules and procedures for exploration and extraction of natural resources will be applied in this case."

Exploration activities would not require an assestment on the procedure's environmental impact and would be needed only before starting gas extraction at the field, Karadjova said.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Shale gas production may start from 2014 in Poland - PM Tusk

Tusk said that he had been assured that well conducted exploration and production would not pose a danger to the environment.

More in this category

Saab awarded $2.4M military training equipment contract in Bulgaria

The funding is provided under the foreign military sales programme of the US army's Program Executive Office of Simulation, Training and Instrumentation.

Two Brits fined for hooliganism in Bulgaria’s Veliko Turnovo

The UK nationals were arrested after throwing beer bottles at people after being refused entry to a restaurant that had closed for the night.

Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites

Restoration and development projects include Madara Horseman, Arbanassi fortress, Magura cave.

Sovereign Order of Malta assists hospital in Bulgaria’s Iskrets

Simeon Saxe-Coburg and his spouse Margarita opened a new heating and insulation system at the Tsar Ferdinand Hospital for Pulmonary Diseases in Iskrets, a project implemented thanks to the Embassy of the Sovereign Order of Malta in Sofia and the Nando Peretti Foundation.

Bulgarian Parliament passes confiscation act

According to the law's provisions, the commission will have the power to investigate individuals without prior notification and would not require a criminal conviction in order to launch an investigation.

© 2000-2013, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.