European Commission Urges Bulgaria to Speed Up Expansion of Chiren Gas Storage
The European Commission has urged Bulgaria to move faster on expanding the capacity of the Chiren gas storage facility
Bulgaria's PM Boyko Borisov is third R to L. To the left is Energy Minister Temenuzhka Petkova, while US Embassy Charg? d'Affairs Roderick Moore is right of Borisov. Photo BGNES
Bulgaria's Prime Minister Boyko Borisov has asserted the country is "actively working" tomake sure "everything" that regards gas transportation is fully state-owned.
Borisov made his remarks at a Tuesday ceremony marking the successful reconstruction and renovation of a gas compressor station in the town of Ihtiman, not far from the capital Sofia, was officially reopened on Tuesday.
The gas transportation network of Bulgaria will be a "key asset" in negotiations to set up a gas hub in the country, Borisov argued. After the demise of South Stream, a pipeline project which was set to supply Southeastern and Central Europe with gas via Bulgaria, was abandoned, his government has been promoting the idea to establish a gas distribution center in the country.
Some 20-30 billion cubic meters of gas could be transited via Bulgaria through the interconnections with Greece, Turkey and Macedonia when they are finished and after the gas depot in Chiren (NW Bulgaria) is expanded, the PM added.
The repair is worth BGN 34 M and was needed to comply with EU environmental requirements Investor.bg quotes gas transportation company Bulgatransgaz's CEO Georgi Gegov as saying at the ceremony. Six other gas compressor stations are to be reopened in the next few weeks.
For the entire gas transportation network, reconstruction works will cost to the tune of BGN 204 M.
"We do all of this to be competitive and when I sit at the negotiation table the region's best gas transportation system is behind me with billions invested in in, so that we can stand up for our position that Bulgaria should be a gas distribution center," Focus News Agency quotes Borisov as saying.
Bulgaria could face uncertainty in fuel supplies in the coming months, warned Radoslav Ribarski
Bulgaria’s government is moving quickly to introduce legislation that would allow the appointment of a special state manager to oversee the operations of Lukoil in the country.
Police in Stara Zagora, Bulgaria, have uncovered an organized criminal group responsible for siphoning large amounts of fuel from a Lukoil pipeline located south of the city.
The European Commission has urged Bulgaria to move faster on expanding the capacity of the Chiren gas storage facility
Former Energy Minister Alexander Nikolov has warned that Bulgaria could face substantial economic losses due to the recent parliamentary decision to ban Lukoil from exporting diesel and aviation fuel
Bulgaria is holding consultations with Washington to explore the possibility of obtaining a temporary exemption from the new US sanctions imposed on Russian oil companies, including Lukoil
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence