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    <title>Bulgarian Petroleum and Gas Association</title>
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    <description>Bulgarian Petroleum and Gas Association</description>
    <category>News</category>
    <managingEditor>plamen.nikolov@wizzard.bg (Wizzard)</managingEditor>
    <webMaster>plamen.nikolov@wizzard.bg (Wizzard)</webMaster>
    <copyright>Copyright 2010, BPGA</copyright>
    <ttl>60</ttl>
    <pubDate>Mon, 30 Aug 2010 10:15:56 +0300</pubDate>
    <item>
      <title>RWE Strikes Deal with Iraq Kurds for Nabucco</title>
      <link>http://bpga.net/en/news/view/23</link>
      <description><![CDATA[The Essen, Germany-based company will provide assistance with the region&rsquo;s gas network as well as training local citizens, according to a statement on the Kurdistan government&rsquo;s website.
&ldquo;This is a major step forward in our planning,&rdquo; said Kurdish Prime Minister Barham Salih. &ldquo;RWE will bring the know- how and insights of one of Europe&rsquo;s most important gas- distribution companies to Kurdistan.&rdquo;
Gas from the region is expected to be exported via the Nabucco pipeline to European consumer markets, the statement said.
A statement issued by RWE in Germany quoted Iraqi Kurdistan's natural resources minister Ashti Hawrami as saying that up to 20 billion cubic metres of gas a year could be fed into the pipe to bring gas to Turkey and Europe.
At the beginning of the week Nabucco's Steering Committee announced that its pipeline project has modified its gas supply concept to include two feeder pipelines leading to Turkey &ndash; one from Georgia and one from Iraq.
&ldquo;The planned route offers a wide range of supply sources for the Nabucco gas pipeline, which will receive gas from Azerbaijan, Turkmenistan and Iraq,&rdquo; says the announcement.
The Nabucco Consortium announced it has already ordered the engineering works for the two lines.
A third line from Iran to Turkey is not planned due to the "political situation."
The shareholders in Nabucco are Botas (Turkey), Bulgarian Energy Holding (Bulgaria), MOL (Hungary), OMV (Austria), RWE (Germany), Transgaz (Romania), each holding an equal share of 16.67%.
The European Union puts high hopes in Nabucco for effecting the much-vaunted European South Energy Corridor in a bid to ensure the security of gas deliveries to Europe and decrease dependence on Russia.
It is seen as a rival to the South Stream gas pipeline project sponsored by Russia, to which Bulgaria is a also a party.]]></description>
      <pubDate>Mon, 30 Aug 2010 10:14:00 +0300</pubDate>
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      <title>Bulgarian PM Phones Putin over Russian Energy Projects</title>
      <link>http://bpga.net/en/news/view/17</link>
      <description><![CDATA[The Borisov-Putin telephone call was made Wednesday night. It was reported by the Russian government&rsquo;s press service as cited by RIA Novosti.
The formal announcement, however, has revealed little detail about the matter of the talks other than &ldquo;energy cooperation and the bilateral economic relations.&rdquo;
RIA Novosti reminds that in January 2008 Bulgaria and Russia an agreement on the South Stream project designed to transport Russian gas to Western Europe bypassing Ukraine.
However, Gazprom announced in June the possibility of re-routing South Stream through Romania, instead of Bulgaria, after Borisov said that his country would not proceed with previous agreements to build the joint gas pipeline with Russia and Greece.
The issue was settled on July 16, when the counties signed a road map for the technical and economic assessment of Bulgaria's section of the pipeline.
The South Stream pipeline, which is considered a rival to the EU-backed Nabucco pipeline, is scheduled to be launched in December 2015.
The offshore part, operated by Russia's Gazprom and Italy's ENI, will run for 900 km (559 miles) from Russia's mainland under the Black Sea to the Bulgarian coast and will carry up to 63 billion cubic meters of gas a year.
Russia has signed intergovernmental agreements have been signed with Bulgaria, Serbia, Greece, Hungary, Slovenia, Croatia and Austria for the implementation of the section of the pipeline that will run over land.]]></description>
      <pubDate>Fri, 23 Jul 2010 11:39:00 +0300</pubDate>
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      <title>Nabucco does not generally comment on speculations and rumours.</title>
      <link>http://bpga.net/en/news/view/13</link>
      <description><![CDATA[&nbsp;
&nbsp;No other project in the Southern Corridor can claim to compete on this basis nor is as advanced and well positioned as Nabucco.
&nbsp;
With an Intergovernmental agreement - ratified in all Transit Countries - already in place, Nabucco is the only project that has this special firm legal basis. Nabucco has already started the ESIA process and all national Nabucco companies have been set up and are now operational. Nabucco is currently in negotiations with major banks such as EIB, EBRD and IFC. All six Nabucco shareholders are committed to completing and promoting the project. Nabucco is on track and will be completed."
&nbsp;
 &nbsp;No other project in the Southern Corridor can claim to compete on this basis nor is as advanced and well positioned as Nabucco.&nbsp;With an Intergovernmental agreement - ratified in all Transit Countries - already in place, Nabucco is the only project that has this special firm legal basis. Nabucco has already started the ESIA process and all national Nabucco companies have been set up and are now operational. Nabucco is currently in negotiations with major banks such as EIB, EBRD and IFC. All six Nabucco shareholders are committed to completing and promoting the project. Nabucco is on track and will be completed."&nbsp;
&nbsp;]]></description>
      <pubDate>Tue, 13 Jul 2010 10:31:00 +0300</pubDate>
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      <title>Borissov: Bulgaria to Win Big from South Stream</title>
      <link>http://bpga.net/en/news/view/5</link>
      <description><![CDATA[&nbsp;
Thus Borissov effectively dispelled speculation he himself provoked June that Bulgaria might back out of large-scale projects with Russia, including South Stream.
The profit for Bulgaria from participating in the project will double or triple, claimed Borisov.
The Bulgarian PM said that details on the infrastructure of the projected pipeline's stretch in Bulgaria are yet to be clarified. In particular it is to be determined in what ways existing infrastructure is going to be used and whether new pipes must be built.
According to Borisov, Bulgaria will retain 100% ownership of existing pipe infrastructure and will obtain 50% ownership of new pipes that have to be built.
Boyko Borisov was confident that those details are going to be fleshed out during this week's visit of a Bulgarian delegation to Moscow, coming on Thursday.
The Bulgarian PM also reiterated Bulgaria's commitment to European gas pipeline project Nabucco, saying that it does not conflict with South Stream.
Thus Borissov effectively dispelled speculation he himself provoked June that Bulgaria might back out of large-scale projects with Russia, including South Stream.The profit for Bulgaria from participating in the project will double or triple, claimed Borisov.The Bulgarian PM said that details on the infrastructure of the projected pipeline's stretch in Bulgaria are yet to be clarified. In particular it is to be determined in what ways existing infrastructure is going to be used and whether new pipes must be built.According to Borisov, Bulgaria will retain 100% ownership of existing pipe infrastructure and will obtain 50% ownership of new pipes that have to be built.Boyko Borisov was confident that those details are going to be fleshed out during this week's visit of a Bulgarian delegation to Moscow, coming on Thursday.The Bulgarian PM also reiterated Bulgaria's commitment to European gas pipeline project Nabucco, saying that it does not conflict with South Stream.]]></description>
      <pubDate>Tue, 06 Jul 2010 18:09:00 +0300</pubDate>
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