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MP4 Video files shown as too large


I'd like to burn a blu-ray with a video, which I've created with Premiere Pro.
The MP4 file has a size of 18GB and a length of 1:30:02.

When I import the file into Nero Video, the application tells me the file is too large and the Blu ray would need 27GB. So, I've rendered in Adobe Media Encoder a smaller version of the Video taking a smaller Bit rate. The file ended up with 6GB in size, but Nero Video still tells me the file is too big for Blu Ray. I've recorded a screencast highlighting the issue in detail.
What else can I do?
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