Bulgaria 'to Diversify Gas Supplies in 2 Years' - Expert

Business » ENERGY | February 23, 2015, Monday // 15:42
Bulgaria: Bulgaria 'to Diversify Gas Supplies in 2 Years' - Expert File photo

In two years Bulgaria will be able to achieve diversification, Iliyan Vasilev, a former Bulgarian ambassador to Russia and currently an energy expert, has said.

Speaking on an event presenting a report on Russia-Turkey relations held in Sofia on Monday, Vasilev argued links with Romania and Greece could be used to this end, but denied to give further details.

"A country like ours with 2.b billion [cubic meters of gas, probably the amount consumed per annum] are so easy to diversify that it's not even worth," he declared.

Bulgaria is currently building gas links with most of its neighbors, but construction has been delayed for years.

The report prepared by Dimitar Bechev, a senior research fellow at the London School of Economics, concludes that in the long-term cooperation between Turkey and Russia in the energy sector will be marked by their diverging interests. On the present state of relations, it notes: "What we are witnessing looks more like a marriage of convenience than a fundamental realignment or the emergence of an "axis of the excluded"."

Former Energy Minister Traycho Traykov was also present on the event.

More details about the event here.

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Tags: Bulgaria, interconnection, greece, Romania, Russia, turkey, energy
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