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NewsFrom Bulgaria27.09.2013 16:04 President Plevneliev: Bulgaria to Cut in Half Russian Gas Imports In an interview for Bloomberg Bulgaria's President Rosen Plevneliev stressed the acute need for the country to increase its energy independence
Bulgaria plans to decrease natural gas imports from Russia to 50 percent of its annual consumption within five years to ensure energy disputes do not hold back economic growth, President Rosen Plevneliev told Bloomberg in an interview in New York.
Bulgaria gets 87 percent of its gas from Russia and is seeking to link with the planned Trans-Adriatic Pipeline that will deliver 10 billion cubic meters of gas a year to Italy from Turkey, Plevneliev said. This week it emerged that state-owned gas company Bulgargaz signed a contract with Shah Deniz II for some 2 bn cub. m of gas per year, which should flow to the country around 2019.
Bulgaria relies for its imports on a single pipeline from Russia, through Ukraine and Romania. According to Plevneliev, gas disputes, like the one in 2009 between Russia and Ukraine, leaving Bulgaria extremely vulnerable to gas cuts, stress the need for greater independence.
“In five years’ time, we’d like to see at least 50 percent of the gas consumption in Bulgaria coming from different and diversified sources,” Plevneliev said. No published comments Login to comment |
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