Supported byClarion Energy
HomeGasBulgaria, Country is...

Bulgaria, Country is over 90 % dependent on Russian gas supply

Although Bulgaria is over 90 % dependent on Russian gas supply, experts reassure that a possible crisis can be overcome.

According to Martin Vladimirov from the Center for the Study of Democracy, the government should take urgent measures to conclude special solidarity agreements in the event of a gas crisis with Greece, Romania and Turkey. Such agreements are part of the European Regulation on Security of Gas Supply and many member states have already concluded similar agreements with their neighbors. However, Bulgaria is not among them.

Then Bulgaria will be able to rely on gas supplies from neighboring countries. However, the purchase of liquefied gas will require swift action. If this does not happen in time, Bulgaria will not be able to negotiate the purchase of liquefied natural gas, because it is important to group several countries there so as to attract interest from large producers and large suppliers, especially the United States and Qatar.

According to the Chairman of Bulgarian Energy forum Ivan Hinovski, if a crisis arises, it will be overcome with supplies of liquefied natural gas from Greece.

Regarding the operation of district heating, they should be given priority, experts say, but their ability to work with fuel oil is limited, so further analysis must be made. Most district heating companies have carried out large-scale investment modernization programs. The old facilities using fuel oil have been eliminated.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in fuel costs across Southeast Europe ahead of the autumn heating season. TTF rises as LNG supply...

Bulgaria approves sanctions exemptions for Kozloduy maintenance and Belene equipment preservation

Bulgaria has approved two targeted sanctions exemptions for Russia covering specific nuclear activities. The measures relate to maintenance-related work at the Kozloduy nuclear power plant and preservation activities for equipment stored at the unfinished Belene project. The exemptions keep...

Bulgaria September regulated gas price discount widens as TTF nears €74.4/MWh

Bulgaria’s regulated gas benchmark for September is trading at a widening discount versus European hub levels after Dutch front-month TTF climbed toward €74.4/MWh. The move has increased the gap between the Bulgarian price and the latest TTF assessment. The...
Supported byVirtu Energy