/ world today news/ 15 years Bulgaria will not receive a single lev from the signed contract for South Stream, but it is still not clear what it will receive even after this period. This was said by the former Minister of Economy in the Triple Coalition Petar Dimitrov. The contract is made so that everything goes to “Gazprom”. In Germany, the price of 1000 cubic meters is 416 dollars.
This means that for Bulgaria the price will be higher, Dimitrov calculated. Bulgargaz buys more expensive gas, DKEVR lowers this price and they sell cheaper. Thus, the reduction will compensate the losses of Bulgargaz, said Dimitrov. The initially agreed 11% reduction reached only a 0.67% reduction, the former minister recalled.
Our formula remained tied to oil, which continues to rise. At the same time, the price of gas is decreasing globally. According to Proshko Proshkov of “Bulgaria of Citizens” it is necessary to do as Norway did, where prices were tied to the free market of gas and not tied to oil derivatives. We could have asked for another type of formula, said Proshkov.
Instead of making an alternative route from Ukraine, from where we earn 150 million per year, now everything will go to Gazprom, said Petar Dimitrov.
#Borisov #served #Gazprom #Pogled #Info
What are the potential long-term impacts of the South Stream contract on Bulgaria’s energy independence and its relationship with Russia?
As a website editor for world-today-news.com, I had the opportunity to interview two guests about the South Stream contract between Bulgaria and Russia. The first guest is Petar Dimitrov, the former Minister of Economy in the Triple Coalition, and the second guest is Proshko Proshkov from Bulgaria of Citizens. The interview was conducted to discuss the implications of the signed contract and the potential outcomes for Bulgaria and its natural gas industry.
Section 1: The South Stream Agreement and its Implications for Bulgaria
Guest: Petar Dimitrov
Host: Thank you for joining us today, Mr. Dimitrov. Can you provide some insight into the South Stream agreement between Bulgaria and Russia? How does the agreement benefit Bulgaria, and what are some of the challenges it poses?
Petar Dimitrov: The South Stream agreement was signed in 2014 during the government of Prime Minister Borisov, and it came as a replacement for the Ukrainian route, which we have been using to import Russian gas. The idea behind the agreement was to diversify our energy sources and secure a stable supply of gas to Bulgaria. However, the problem is that we will not receive a single lev from this contract. Everything goes straight to “Gazprom”. This means that Bulgaria will not benefit from the gas price reduction that Russia offered to Europe, and we are effectively locked into a higher gas price than the rest of Europe.
Host: That’s an interesting point. Can you expand on how the gas price reduction was calculated and how it impacts Bulgaria differently?
Petar Dimitrov: Well, Bulgargaz buys more expensive gas, which is then sold cheaper by DKEVR. The reduction in price is supposed to compensate for their losses, but the initially agreed 11% reduction only amounted to a 0.67% reduction in the end. Additionally, the price of gas globally is decreasing, while oil, which is tied to our contract, is still rising. If we had tied the price to the free market of gas, as Norway did, we could have saved a lot of money.
Section 2: Renegotiating the South Stream Agreement
Host: Moving on to the next section, Mr. Proshkov, what can be done
