|
|
UK Company Melrose Finds New Natural Gas Deposit in Bulgaria's Kavarna
|
The Scottish company Melrose Resources has discovered a significant natural gas deposit close to the Bulgarian Black Sea town of Kavarna.
The news was reported Thursday by The Scotsman, which cited an official announcement of the Edinburgh-based company made Wednesday.
Preliminary estimates show the new deposit in the Kavarna exploration permit has about 24 billion cubic feet (679,604321 million cubic meters) of natural gas.
The Scottish oil and gas company Melrouse supplies 15% of Bulgaria's natural gas from the Galata field close to the Black Sea city of Varna that it operates. It plans to expand the Galata field in order to turn into a storage facility.
The natural gas from the newly found deposit in Kavarna will be piped to the facilities at Galata during the 2009 summer, and will then be sold in the winter after that when the energy demand rises.
Melrose Resources still needs to negotiate the final terms of usage of the Galata facility with the Bulgarian government but its CEO David Thomas is quoted as saying the deal was expected to be finalized smoothly.
In his words, the Bulgarian authorities were motivated by strategic considerations in expanding the Galata natural gas storage facility in order to abide by EU guidelines, and to secure some independence from the Russian energy giant Gazprom, which supplies more than 80% of Bulgaria's gas.
The Scotsman article points out the newly found deposit at Kavarna came exactly when the Galata field was almost depleted. Melrose has not revealed how much its new deal with the Bulgarian government would be worth but according to some estimates it might be worth GBP 60 M.
|
|
all news >>
|
 |
|
 |
Bulgarian Properties |
Cheap Properties in Bulgaria >>
|
 |
Another amazing opportunity for you and your family Bulgarian Dreams - RUS1534
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7300 EUR
|
|
|
 |
Somewhere over the rainbow My Bulgarian Property RUS5033
Brief: Houses for sale near Veliko Tarnovo
Area: 120 sq.m.
Price: 7900 EUR
|
|
|
 |
Perfect lot for Solar Photovoltaic Panels - Only 4 Euro per sq.meter - RUS1577
Brief: Land for sale near Ruse
Area: 7000 sq.m.
Price: 28000 EUR
|
|
|
 |
The perfect holiday gift - Bulgarian Property near Mineral Spring Water - More than 22 000 sq. feet of land RUS1592
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 11500 EUR
|
|
|
 |
Another perfect plot for sale near Bulgarian Black Sea- Only 8 Euro per 1 sq. meter - Land in Bulgaria near the SEA - SLAND37
Brief: Land for sale near Balchik
Area: 15000 sq.m.
Price: 120000 EUR
|
|
|
 |
Building plot fro sale near ALBENA - VUS1209
Brief: Land for sale near Balchik
Area: 1600 sq.m.
Price: 50000 EUR
|
|
|
 |
Only for SMART Investors! Bulgarian Property - RUS1542
Brief: Land for sale near Varna
Area: 98000 sq.m.
Price: 3822000 EUR
|
|
|
 |
A luxurious modern house near Ruse - House in Bulgaria - RUS1221
Brief: Houses for sale near Ruse
Area: 220 sq.m.
Price: 75000 EUR
|
|
|
 |
THE GREENLAND MANSION RUS1524 more than 4000 sq.meters
Brief: Houses for sale near Ruse
Area: 160 sq.m.
Price: 26300 EUR
|
|
|
 |
Bulgarian Property - Live your dream near the BLACK SEA RUS1566
Brief: Houses for sale near Balchik
Area: 120 sq.m.
Price: 65000 EUR
|
|
|
 |
Small house. Amazing nature RUS 1283
Brief: Houses for sale near Silistra
Area: 90 sq.m.
Price: 6900 EUR
|
|
|
 |
You rural hit in Bulgarian - RUS1408
Brief: Houses for sale near Ruse
Area: 70 sq.m.
Price: 9800 EUR
|
|
|
 |
The FIFTH from our six sea pearls RUS 1269E
Brief: Houses for sale near Varna
Area: 154 sq.m.
Price: 181200 EUR
|
|
|
 |
NEW YORK CITY HOUSE
Brief: Houses for sale in Shabla
Area: 0 sq.m.
Price: 6500000 EUR
|
|
More Properties in Bulgaria >>
|
|
|
 |
|
|
|
| PROPERTY SERVICES |
|
|
|
|
|
| MORE SERVICES |
|
|
|
