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Bulgaria’s Economy and Energy Minister, Traicho Traikov, says t is crucial for Bulgaria to conclude a direct contract for the supply of natural gas from Russia. Photo by BGNES
Bulgaria’s Economy and Energy Minister, Traicho Traikov, declared the contract for the supply of Russian gas should not be tied to the “South Stream” project.
Traikov says it is crucial for Bulgaria to conclude a direct contract for the supply of natural gas without any intermediaries and without binding the contract to the negotiations about the “South Stream” gas line.
The Minister pointed out that the13th session of the Bulgarian-Russian bilateral government committee had recommended to “Bulgaragaz” and Gazprom Export” to activate negotiations to prepare a new contract for the supply of natural gas to Bulgaria after 2010.
In addition, Traikov said that renewable energy sources have great public use, but also bear hidden risks, adding it is crucial to establish clear rules and regulations to limit those risks.
The Minister further announced over the Christmas holiday that there is a possibility to create a joint stock company between the State and the company that has consession over the gas deposit at “Galata” for the future establishment of a gas storage there.
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