Bulgaria to Build Second Natural Gas Depot

Bulgaria to Build Second Natural Gas Depot
energia.gr
Πεμ, 25 Φεβρουαρίου 2010 - 16:22
Bulgaria may build a second natural gas storage facility so as to prevent possible gas supply problems in the future. This idea was put forward by Head of State Georgi Parvanov during his visit to Brussels.

Bulgaria may build a second natural gas storage facility so as to prevent possible gas supply problems in the future. This idea was put forward by Head of State Georgi Parvanov during his visit to Brussels .

"The construction of the gas storage facility may be carried out by the Solvey Company, which plans to explore a salt deposit in Bulgaria . If constructed the depot will make Bulgaria practically impermeable to future gas supply shocks," Mr. Parvanov said. Earlier, he decorated Mr. Alois Michielsen, Executive Vice President at Solvay Pharmaceuticals with Madara Horseman first degree, one of Bulgaria 's highest state insignia.

Following talks between Parvanov and EC President Barroso Tuesday evening, it emerged that over the next twelve months the European Commission will allocate 2.3 billion euro to finance 44 priority energy projects across the EU.

" Bulgaria is one of the countries that may apply for financing under this program," Barroso said.

"Thus, your country will contribute to the bloc's energy security," he told Parvanov.

"We regard Russia as an important energy partner, and Bulgaria - as a stable member state that may be the backbone of a prosperous region," Barroso went on. Finally, he praised President Parvanov for his commitment to the debate on the 2020 EU development strategy.

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