“The accumulated problems in the sphere of energy create serious risks for the industry, for the economy and for people,” President Rumen Radev stated during a meeting with the chairman of the Energy and Water Regulatory Commission Ivan Ivanov.

Ivan Ivanov on his part pointed to the delay in the construction of the Gas Interconnector Greece – Bulgaria (IGB) which has been going on for 12 years.

“The fact that TurkStream does not branch out to any towns in Northern Bulgaria shows it is just a transit gas pipeline, built entirely at the cost of the Bulgarian side, with no clarity whether this money can be compensated for by the transit fees,” Ivan Ivanov stated further.

Ivan Ivanov and Rumen Radev agreed that the country needs a national energy strategy in view of the transition to low-carbon emissions and to protecting the people employed in the industry.