On 14.06.2012 Bulgarian Parliament adopted a Resolution limiting
the ban on the 'fracking' method of drilling and extraction
of shale gas, thus confirming the possibility of conventional oil
and gas exploration and production.
Earlier this year, on 18 January, the Parliament voted a
Resolution imposing a complete prohibition on the extraction method
usually referred to as 'hydraulic fracking' or
'fracking', which is a drilling technique of injecting
fluids at high pressure into underground earth cavities in order to
effect a release of gas or oil stored there.
This decision was a result of protests and heated discussions
within the Bulgarian society, including the government and
non-governmental organizations, surrounding a proposed exploration
of shale gas deposits on the Bulgarian territory. Estimations have
indicated that Bulgaria may hold significant shale gas reserves,
according to some sources approximately amounting to 1 trillion
cubic metres. However, due
