Energy Minister Zhecho Stankov said Bulgaria aims to establish itself as a regional energy hub in Southeast Europe. The country plans to deploy small modular nuclear reactors within four years at a cost of approximately 13 billion euros for four units. Stankov noted that electricity consumption has risen by 5 to 7 percent since January, and Bulgaria may require additional generating capacity if the trend continues.
The minister confirmed that Bulgaria secured sufficient natural gas supplies for winter. Infrastructure upgrades allow the country to increase gas imports by 50 percent through the vertical corridor, and by 100 percent through the Romanian route. Stankov said natural gas prices should remain stable throughout the winter months. The government is working to end Russian gas transit contracts by next year.
The minister confirmed that Bulgaria secured sufficient natural gas supplies for winter. Infrastructure upgrades allow the country to increase gas imports by 50 percent through the vertical corridor, and by 100 percent through the Romanian route. Stankov said natural gas prices should remain stable throughout the winter months. The government is working to end Russian gas transit contracts by next year.
