Bulgarian Minister: Energy Is Key to National Security

Bulgarian Minister: Energy Is Key to National Security

Bulgaria is in dire need of a wide and deep energy diversification, according to Minister of Economy and Energy Traicho Traikov who spoke at the NATO parliamentary summit held in Varna Sunday.

"Bulgaria has some 70% of its energy sources imported. We need to change that and see to it that we buy only from reliable partners," said Traikov.

"Energy security is not a factor in economic prosperity, but also a key part of national security," remarked the energy minister.

As included in Bulgaria's efforts to diversify, Traikov mentioned the ongoing constructions of links with the natural gas infrastructures of neighboring countries, Bulgaria's participation in the Nabucco and South Stream natural gas pipeline projects, the opportunity to transport compressed gas from Azerbaijan, as well as ongoing projects to explore for shale gas within Bulgaria.

Regarding South Stream, Traikov said it diversifies not the energy source (natural gas from Russia), but only the route currently used by Bulgaria.

The Economy and Energy Minister futher underscored Bulgaria's commitment to nuclear energy and the building of Belene NPP, should the project be economically viable. (Source: Sofia News Agency)

Previous Next
Test Caption
Test Description goes like this
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.