Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Cabinet goes, energy diversification policy stays

Photo: library

In the last month of the incomplete term in office of the government of Plamen Oresharski the topic of diversification of energy supplies was updated once again in Zagreb with a meeting of the joint council of Bulgaria and Croatia for economic cooperation. At the meeting the possibilities of Croatia to supply gas to Bulgaria from the northern Adriatic Sea starting 2017 were discussed. Possibilities for connecting the gas systems of Croatia and Bulgaria through Serbia, Hungary or Romania were also discussed. Due to the great interest of the Bulgarian side towards the Croatian project for liquefied natural gas, it was agreed that this project will be presented in the coming weeks in Sofia. This would hardly happen before the resignation of the Oresharski Cabinet but the agreements reached in Zagreb between the two member states of the EU will remain in force because they are part of the European policy of diversification of sources and routes of gas supplies. However, after the Oresharski cabinet Bulgaria will have a caretaker government appointed by President Rosen Plevneliev. The Bulgarian President has had talks with Croatian counterpart Ivo Josipovic and showed interest in the topics discussed in Zagreb last year. The heritage to the future cabinet from the current government includes energy agreements with another member state - Cyprus. Just a month ago, in mid-June, Foreign Minister Christian Vigenin discussed with his Cypriot counterpart Ioannis Kasoulides the likely important role of Cyprus in the project for deliveries of gas to LNG terminals in Greece. It's all about the future north-south corridor, which would allow natural gas to be delivered via Bulgaria to Romania and Central Europe.

Today's government would be history soon, but Bulgaria's policy aimed at diversification of energy supplies remains. Moreover, there is no significant political force that opposes this policy.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..

published on 9/28/24 5:05 AM

The EBRD lowers growth forecasts, but is optimistic about inflation

The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...

published on 9/26/24 1:17 PM
BNB

The largest flow of investments to Bulgaria is from the Netherlands, outflow is to Russia

The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show.  According to them, the..

published on 9/20/24 6:03 PM