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Assoc. Prof. Ivan Ivanov PhD: "The implementation of natural gas projects will transform Bulgaria into a key factor in the energy security of the Balkans and Southeast Europe"

06.11.2015

EWRC Chairman, Assoc. Prof. Ivan Ivanov PhD was the lead speaker of the traditional annual Balkan and Black Sea Petroleum Association (BBSPA) seminar, which was held in Sofia. The main theme of the event were the regulatory policies in the natural gas sector. Representatives of Bulgarian and foreign companies and organizations participated: Bulgartransgaz, EVN, Gas Connect Austria, CMS Sofia, ENTSOG, ENGIE, MEKH-Hungarian Regulatory Authority, Norton Rose Fulbright, PRISMA European capacity, etc.

In his presentation, Assoc. Prof. Ivan Ivanov PhD outlined the status of the Bulgarian natural gas market and the development trends in the coming years. He stressed that the policy of the Bulgarian Government of diversification of the natural gas supply is geared towards achieving the following main objectives: the creation of a functioning gas market given the tough competition in the sector, increasing the security of supply, and the developing customers’ ability to choose a supplier. The head of the regulator outlined the following steps toward achieving these goals: the construction of additional natural gas infrastructure and modernization of existing natural gas routes in Bulgaria, as well as the provision of alternative sources of natural gas supply. Participants in the seminar were informed of the current status of projects for the construction of the interconnection lines with neighboring countries; a joint project with Greece was described as the major priority in this regard. According to Assoc. Prof. Ivan Ivanov PhD, the implementation of the projects will transform Bulgaria into a key country, providing energy security not only for the region but also for the whole of Southeast Europe.

In its statement on the role and functions of EWRC, Assoc. Prof. Ivan Ivanov PhD conducted a comprehensive review of the current regulatory framework, stressing that in its decisions the Commission relies entirely on compliance with the law, objective market factors, and protection of the public interest.



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