Bulgarian President Dreams of Halving Russian Gas Import
Bulgaria is going to reduce the import of natural gas from Russia to half its current consumption within 5 years, according to Bulgarian President Rosen Plevneliev.
Speaking for Bloomberg, Plevneliev said that the move will stimulate the economic growth of his country, which currently receives almost its entire gas supply from Russia.
Bulgaria is seeking to link with the planned Trans-Adriatic Pipeline that will ship 10 B cub. m. gas per year from Turkey to Italy, writes Bloomberg.
Accordiing to Plevneliev, the 2009 dispute between Ukraine and Russia that cut flows to many European countries for two weeks highlighted the need for greater independence, he said.
"In five years’ time, we’d like to see at least 50 percent of the gas consumption in Bulgaria coming from different and diversified sources," Plevneliev said.
While GDP will expand 1 percent this year, the country has the potential to grow as much as 4 percent to 6 percent annually, according to the president.
"Protests this year over austerity measures and corruption show the nation is continuing its transition to democracy as citizens demand more transparency from politicians," Plevneliev said.
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It doesn't make sense to have the South Stream gas pipeline running through the guts of BG, and don't forget that we are not going to get one cent/penny/stotinka for 15 YEARS for transit fees; and yet we are going to let them carve up and use BG as their entry point on the coastline next to the largest city Varna, and pay for their gas while they don't pay us anything; and on the other hand, we are going to halve our Russian gas consumption within the next 5 years and tap in to another source, which means building more gas lines coming in from another direction. I am not advocating using Russian gas at all, in fact I think it would be fanbloodytastic not to have the South Stream gasline at all: but the logic of all this is convoluted to use a polite word.