The coal industry in Bulgaria is coming to an end, it is not a matter of a political decision. Politicians are probably not lying when they say they won’t shut down coal plants in the next few years, but the market probably will. They pay for carbon emissions, the price of which is rising. It is above 90 euros per ton, it is unlikely that it will not hit 100 euros per ton in the coming years. After 2026, there will be no possibility of state aid for the plants and they must close. This is predicted by Plamen Dimitrov from the Bulgarian Geopolitical Society.
He recalled that the power plants operate at a loss and it is increasing. And as a problem for them, he pointed out that they are bound by the Recovery and Sustainability Plan. His expectations are that Bulgaria will be catastrophically behind the EC.
“Now is the time for EC funds for this transition and it will be entirely up to the state to pay for these costs that need to be incurred. The state cannot magically create as many jobs as the miners, it is very likely that they are not as well paid , after the mines are closed,” predicted Plamen Dimitrov on Bulgaria On Air.
He called on the state for a specific strategy for individual regions. His forecasts are that the price of gas in the winter will be lower than the last heating season.
“Gas will be available this winter. Bulgargaz’s problem is another one – that they made commitments for too large a volume of gas transportation capacities, and did not conclude the contracts for this gas, which should be unloaded at the liquefied gas terminals in Turkey and Greece. We will have a surplus of nearly 1 billion per year, which has nowhere to be stored and must be sold on foreign markets,” he said.
In his words, the war in Ukraine will lead to “the final withdrawal of Russia from the Bulgarian energy equation”. His calculations show that the transition to non-Russian oil at the Burgas refinery would take 5-6 months.
2023-09-20 19:01:14
#expert #doomsday #forecast #gas
