During her participation in the 11th Delphi Economic Forum in Greece, Deputy Energy Minister Teodora Georgieva stated that if the European Union emphasizes energy security, it must establish robust support mechanisms. She noted that global crises, such as the conflict linked to Russia’s war in Ukraine and current tensions involving Iran, underscore the necessity for unified European responses and leadership. Georgieva emphasized that international cooperation is vital for resolving systemic challenges.
She highlighted Bulgaria’s strategic role in the region, citing the nation’s 25-year natural gas agreement with Azerbaijan. Furthermore, she pointed to the activation of reverse flow through the Trans-Balkan gas pipeline, facilitated by the Greece-Bulgaria Interconnector, as a crucial measure supporting supplies to Ukraine. Looking forward, Bulgaria is expanding its infrastructure via the “Vertical Gas Corridor,” which is intended to enhance the transport of liquefied natural gas from Greece to Ukraine, thereby strengthening the country’s position as a regional energy factor.
To support this, Georgieva mentioned that participating ministers are drafting a joint letter calling for greater European support and competitiveness for the route, including mechanisms for reserving capacity through “bundled” products. Regarding the broader energy mix, the minister stressed that while natural gas remains a critical component, over-reliance on renewables alone is insufficient. She advised that while hydrogen technology may develop later, the market should dictate its timing.
Ultimately, she underscored the need for long-term planning, including the development of nuclear energy sources, to secure the continent’s energy future.
Topics: #energy #minister #delphi
