Bulgaria Moves to Increase Energy Security Ahead of Winter

Bulgaria’s government said it is working on measures to increase energy security, despite obvious difficulties in case Russia cuts off gas supplies through Ukraine. 

According to the data released by the GSE association on Tuesday, Bulgaria is the third to last in Europe for stored gas as a percentage of the total storage capacity.  

Sofia is working on the renegotiation of some long-term contracts and mulling investments in renewables, reads a note released on Wednesday. 

On Tuesday, Minister of Economy and Energy Vassil Shtonov presented current information on the energy sector in the country at the first meeting of the Energy Board.

“The main task of the Energy Board is to stabilize the energy sector and ensure predictability in the sector. The Board’s work should be effective, we should see problems for what they really are and discuss even unconventional solutions”, Shtonov said as reported by a separate statement.