Azerbaijan, Bulgaria Agree on Gas Deliveries from 2020
Azerbaijan with supply Bulgaria with gas that will be destined for the "Balkan Gas Hub", according to the Bulgarian Energy Ministry.
Dimitar Abadzhiev, Bulgaria's representative in Nabucco Gas Pipeline International GmbH, has said that the key decision on the pipeline is to be taken in June. Photo by Sofia Photo Agency
Dimitar Abadzhiev, Bulgaria's representative in Nabucco Gas Pipeline International GmbH, has sought to dispel claims that the EU-backed energy diversification project is unfeasible.
In a Sunday interview for the Bulgarian National Radio (BNR), he said that none of the countries participating in the gas pipeline project had even hinted at doubts over its successful implementation.
The signatories to the Nabucco Intergovernmental Agreement are Austria, Bulgaria, Hungary, Romania and Turkey.
On May 22, the Bulgarian Parliament approved the construction of the Nabucco gas pipeline into a law.
"We still consider this as the most viable project aimed at connecting the Turkish gas market to Europe," Abadzhiev stated on Sunday.
The Bulgarian representative in the Nabucco Consortium said that the media were spreading mere comments, while the actual decision on the matter was to be taken by the BP-led consortium developing Azerbaijan's Shah Deniz field in June.
"Nabucco meets all the conditions for a secure pipeline in both versions, the full-scale version and the shorter version, Nabucco West," Abadzhiev added.
He went on to say that the recent media statement of oil major BP expressed the company's interest in Nabucco West.
BP representative Iain Conn said Thursday that the company was no longer considering Nabucco as an option for shipping gas from the Shah Deniz Stage 2 Gas field in Azerbaijan.
The BP official made clear that BP and the State Oil Company of Azerbaijan Republic (SOCAR) were discussing only two options for their gas –Nabucco West and the South East Europe Pipeline (SEEP).
The downsized version of the gas pipeline, Nabucco West, provides for a 1300-km pipeline transporting Caspian gas from the Bulgarian-Turkish border to the Central European Gas Hub (CEGH) in Baumgarten and beyond.
Nabucco West's capacity has not been conclusively specified.
Under the original project, the 4000-km Nabucco gas pipeline is to carry over 30 bcm per year of gas into Europe to reduce its dependency on Russian imports.
Nabucco's shareholders are Austria's OMV, Germany's RWE, Hungary's MOL, Turkey's Botas, Bulgaria's Bulgarian Energy Holding (BEH) and Romania's Transgaz.
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
Bulgaria currently has gasoline reserves sufficient for around 35 days and diesel for over 50 days, according to Assen Assenov, chairman of the State Agency “State Reserve and Wartime Stocks”
Fuel prices in Bulgaria have been gradually rising over the past three weeks
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence