Thursday, January 21, 2021
Home Finance US and Bulgaria strategic partnership is key to the region's energy diversification

US and Bulgaria strategic partnership is key to the region’s energy diversification

Bulgaria is actively working to ensure energy security and is appreciating the US support for the implementation of the priority infrastructure projects in this area, including the interconnector Greece-Bulgaria and the LNG terminal near Alexandroupolis.

“Bulgaria and the United States of America are strategic partners in the field of energy and this is key to diversifying energy supply not only to our country but also throughout the region,” said Bulgaria’s Energy Minister Temenuzka Petkova during her meeting with Francis R. Fannon (pictured above), Assistant Secretary for the Bureau of Energy Resources at the US Department of State.

According to Minister Petkova, the construction of the interconnector Greece-Bulgaria is a major priority of the Government in the energy sector. The project progresses well: 150 kilometres of manufactured pipes, 103 kilometres of route clearance, 80 kilometres of laid pipes, started process of welding activities, trench digging and pipe laying.

The Energy Minister reaffirmed the Government’s strong commitment to successfully completing the interconnector as an infrastructure of strategic importance to the security of gas supplies in Southeast Europe.

Mr Fannon praised Bulgaria’s progress in the implementation of its energy diversification priorities and confirmed the US support for these efforts, welcoming Bulgaria’s participation in the LNG terminal near Alexandroupolis.

“Our country’s involvement in these projects provides for real diversification of natural gas sources and routes and Bulgaria is a key factor for this process in the region,” underlined Minister Petkova, while praising the US support for transforming Bulgaria into a regional energy hub.

Mr Fannon comes from a recent trip to Greece, together with US Secretary of State Mike Pompeo, who endorsed some key projects affecting regional energy security.

If you liked this content, follow us also on social media.

Most Popular

IEA: cut methane emissions from oil and gas is a must

The IEA recently released its ‘how-to’ guide for policymakers to tackle the issue of methane emissions, as in 2020 the drop originated mainly from lower production rather than prevention of leaks.

PwC: net-zero hopes rest on fivefold global decarbonisation ramp up

According to PwC’s recently published Net Zero Economy Index, at the current rate of energy consumption and carbon-dioxide emissions, the 1.5°C goal of the Paris Agreement is out of reach.

One of the most critical near-blackout since 2006: system separation in Continental Europe

A near power grid outbreak cut Europe’s power grid into a South-Eastern and a North-Western part for about an hour. It was described as one of the most critical near-blackout situations since the region’s last major blackout in 2006.

The new US approach to CEE

Energy- and climate change-related topics are the first items on Joe Biden’s agenda: the Paris Agreement, the Keystone XL pipeline, methane emissions. How will the US reengage with Central and Eastern Europe?