Golden energy solutions Bulgaria

Which energy sources can be used in Bulgaria?

Renewable energy includes wind, solar, biomass and geothermal energy sources (although it is not yet known whether geothermal energy could generate any electrical power as only slightly over 100 degrees C had been found by 2023 ). Bulgaria has a high potential for solar irradiation, especially in the southern regions of the nation.

Will Lukoil sell assets in Bulgaria?

LUKOIL will consider selling assets in Bulgaria due to the seizure of the plant in Burgas: Bulgaria plans to ban LUKOIL refineries from using Russian oil and selling petroleum products. The company saw in these measures the risk of stopping production and warned that it could sell the business]. «РБК» (in Russian). 5 December 2023.

How is the national energy policy implemented in Bulgaria?

The national energy policy is implemented [dubious – discuss] by the National Assembly and the Government of Bulgaria, conducted by the Ministry of Energy and regulated by the Energy and Water Regulatory Commission.

How much natural gas does Bulgaria consume?

As of 2022, domestic production of natural gas remains insignificant, at 17 million cubic meters. The main consumers are the energy and the chemical sectors, which combined account for 54% of the consumption. Bulgaria consumes about 3 billion cubic meters (bcm) of natural gas.