Bulgaria's Energy Minister calls for common EU rules for shale gas exploration

Bulgaria's Energy Minister calls for common EU rules for shale gas exploration

The European Union needs common legislation to regulate the exploration and production of shale gas, Bulgaria's Energy Minister Traicho Traikov said on November 11 2011 on the sidelines of a forum on non-conventional gas extraction."Bulgaria has initiated the creation of common European legislation for research and production of shale gas," he said.According to the Minister, common regulations will guarantee not only economic improvement, but also high safety standards for the environment and population.In June, Bulgaria's Government awarded US oil and gas group Chevron (NYSE:CVX) a licence to launch exploration works in northeastern Bulgaria. Environmental concerns about the hydraulic fracturing technology (fracking) that the US company would use were also discussed at the forum, which was attended by Traikov and a number of energy experts and eco-activists."Hydraulic fracturing has been used for many years in conventional production," Traikov said, noting that the method has so far caused no problems.Poland was the first country to call for common rules on shale gas exploration, but recently abandoned the idea.Meanwhile, the Government is yet to sign a deal with Chevron because of the extended negotiations on certain clauses, the Minister said./Source: The Sofia Echo/

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.