Bulgaria Mulls Permanent Ban on Hydrofracking Technology

Business » ENERGY | January 17, 2012, Tuesday // 17:12
Bulgaria Mulls Permanent Ban on Hydrofracking Technology: Bulgaria Mulls Permanent Ban on Hydrofracking Technology Bulgaria's Prime Minister, Boyko Borisov, stresses that shale gas is an important national resource, which can be used as a trump card in negotiating gas prices with Russia. Photo by BGNES

The ban on the use of hydrofracking technology in the extraction and exploration of gas and oil in Bulgaria will be permanent.

The text is included in a draft proposal of the Parliamentary group of the ruling, center-right Citizens for European Development of Bulgaria party, GERB, which will be submitted in the Parliament on Wednesday.

The proposal points out that the ban includes the use any technology involving the propagation of fractures in a rock layer caused by the presence of pressurized water or other fluid. It also bans extraction of shale gas, gas from coal, and of oil from sands on the territory of the Republic of Bulgaria and its territorial waters.

All exploration and extraction activities where the hydrofracking technology is planned must be immediately stopped, effective the date of the publishing of the decision Sanctions will include a fine of BN 100 000 and confiscation of equipment.

Those companies, which have already received licenses for exploration or concession for extraction of natural gas and oil, affected by the new ban, are given a three-month deadline to present altered projects for approval, otherwise they would lose their earlier-granted rights.

The ban does not include scientific research from independent scientific organizations, which are non-profit, are studying the risks from exploration and extraction of gas and oil, and are not using the hydrofracking method.

It was reported earlier Tuesday that the GERB cabinet is withdrawing its decision granting rights to sign a contract with the US company "Chevron" to search for natural gas and oil without specifying what technology will be used.

Bulgaria's Prime Minister, Boyko Borisov, stated during the meeting of the Council of Ministers that the government would not grant "Chevron" a permit to study shale gas deposits with the use of hydrofracking and would allow it only when there is a worldwide guaranteed technology for such extraction.

The debates on the issue will be launched again when the European Commission and Parliament begin such debates. Foreign Minister, Nikolay Mladenov, pointed out that a similar ban could be imposed for the entire EU.

Borisov stressed that shale gas is key national resource and its exploration is important for the country's economy along with the option to use it as a trump card in negotiating gas prices with Russia.

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Tags: Prime Minister, Boyko Borisov, gas prices, Russia, NGOs, environmentalists, Economy Ministry, moratorium, GERB, Valentin Nikolov, environmetal, protests, Traicho Traikov, Minister of Economy and Energy, license, shale gas, Chevron, Cabinet, Bulgaria, gas, oil, exploration, extraction, natural gas, hydrofracking
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