Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Briefing of the Bulgarian Minister of Energy

Bulgaria will not hold talks with Gazprom under pressure

Transit gas supplies to Serbia and Hungary through the country will not stop

Author:
Photo: BGNES

Natural gas is being used as a political and economic weapon, Bulgarian Minister of Energy Alexander Nikolov said, commenting on halted gas deliveries from Russia.

"As long as I am minister, Bulgaria will not negotiate under pressure and with head bowed down. Bulgaria is not for sale at any price. At the moment it is clear that the infrastructure facilities widely promoted in the past cannot guarantee the supply of natural gas, but this does not mean that we would fail to overcome this situation", Minister Nikolov said.

All natural gas supplies are guaranteed for at least a month in advance. There has been no reduction of gas supply from Russia yet, Minister Nikolov said at an extraordinary briefing on the topic today.

If Gazprom did not deliver agreed quantities, that would be a breach of contract, the minister added. A new expert meeting to discuss the next steps of the country is forthcoming, Minister Nikolov also said, recalling that Bulgaria is not the only one affected and that Poland and Lithuania are also in the same situation.


"Bulgaria is a loyal partner to all neighboring countries. Bulgaria is not Russia. When we have the opportunity, we help all neighboring countries," Minister Nikolov said, adding that all possible risks would be assessed and Bulgaria would not create tension in other countries, such as Serbia or Hungary.

In a statement published by TASS and Reuters, Gazprom recalled that Bulgaria and Poland are transit countries and if they were to divert Russian gas intended for third countries, transit deliveries for those countries “will be reduced by the volume that was taken.”

English: Alexander Markov



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sofia best city in Europe to retire to: Moneypenny survey

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes  writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..

published on 8/6/24 11:29 AM

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM