Bulgarian Energy Minister Reprimands US Ambassador on Shale Gas

Business » ENERGY | November 9, 2010, Tuesday // 14:56| Views: | Comments: 1
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Bulgaria: Bulgarian Energy Minister Reprimands US Ambassador on Shale Gas Bulgarian Minister of Economy and Energy Traicho Traikov. Photo by BGNES.

US ambassador to Sofia James Warlick needs to do his homework on the legal framework of exploration for natural resources in Bulgaria, according to Minister of Energy and Economy Traicho Traikov.

For some months, the US envoy has been drawing attention to the strong interest of US major oil and gas company Chevron in exploring for shale gas in Bulgaria and has suggested to the government to give it a permit, given the strategic importance of a likely discovery.

The last such statement on the part of ambassador Warlick was last Sunday.

Nevertheless, as Novinite.com (Sofia News Agency) has informed, as a matter of fact Bulgarian legislation requires that a formal competition be held for a permit to be issued at all.

"My friend ambassador Warlick seems to be unable to understand six months now what exactly is happening with shale gas and why Bulgarian legislation and national interest needs to be observed. To grant permits for exploration and production, we must hold a competition," stated Minister Traikov Tuesday, speaking at the University of National and World Economy in Sofia.

He added that the Council of Ministers has already voted for the holding of a competition and an official announcement its on its way to being published in the Official Journal of the EU, which is the formal start of the procedure.

Traikov further claimed that Chevron's interest in Bulgarian shale gas is the product of his Ministry's efforts.

"Why did Chevron come at all? Because when I visited the US, I went and talked with them, even though the US ambassy had told me, don't talk to them, they are a huge company and are not interested in Bulgaria," said the Bulgarian energy minister.

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Tags: Traicho Traikov, James Warlick, US, Chevron, shale gas, University of National and World Economy
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» To the forumComments (1)
#1
Dino the Athenian - 9 Nov 2010 // 15:50:01

Take it easy Mr. Minister.

The objective here is to increase BG options.

It's true though that the ambassador seems to be not very sophisticated in these matters.

The other issue that needs to be addressed is "fracking":

http://en.wikipedia.org/wiki/Hydraulic_fracturing

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria