Go Finance Reporting in Sofia - Chevron, the second largest company in the United States has won the tender to explore the shale gas reserves in northeastern Bulgaria.
"Chevron, which won the tender, the government offered a bonus of 30 million euros (USD43 million) for the license in their exploration of shale gas field near Novi Pazar. Chevron competes with Canada BNK," said Minister of Economy and Energy Bulgaria, Traicho Traikov, quoted by AFP on Monday (05/30/2011).
The tender offer two more to explore gas in the same region in northeastern Bulgaria is still going to be delivered in late June.
He added that companies interested in exploring estimated shale gas in Bulgaria is placing deposits in the country between 300 billion euros and 1.0 trillion cubic meters.
For your information, Bulgaria, which is almost entirely dependent on Russian gas supplies through Ukraine, see shale (shale) gas as a possible diversification of energy sources.
Bulgaria also hopes to connect the gas transport networks to neighboring countries, Greece, in 2014 and receives gas from Azerbaijan through the interconnection system. (GoFinance)
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