The Ministry of Energy and the KEWR Support the Creation of a Natural Gas Exchange in Bulgaria

      Published on Thursday, 6 June , 2019      234 Views     

  • Bulgaria Energy

,,Only in case of diversification of natural gas supplies we can talk about competition and create conditions for market liberalization’’,

Energy Minister Temenuzhka Petkova said at a round table in the National Assembly, where the concept of the Balkan gas hub was presented.

,,For this diversification, it is necessary to establish infrastructure links with the countries in the region and on the energy exchange, which will give us security and competitive prices of energy, respectively – a competitive economy’’, Petkova said.

,,At the Ministry of Energy, we fully support the initiative to create a natural gas exchange and we will help with all our expertise’’, said Temenuzhka Petkova.

,,With the gradual development of the liberalization of the natural gas market, the role of the energy regulator is increasing’’, said Ivan Ivanov, Chairman of the Energy and Water Regulatory Commission.

,,KEVR is committed to issuing a license to the stock exchange operator, including the gastrading platform. The right solution is to borrow a trading platform from a serious trader, as a good option is the European-wide Baumgarten Natural Gas Platform, Austria’’, Ivan Ivanov said.

,,KEVR will also approve measures to control liquidity, to prevent market abuse and leakage of inside information from the stock exchange’’, he added.
Speaker Valery Simeonov asked for more specific information about the natural gassources and why the location of the Balkan gas hub is not chosen in southern Bulgaria, where the construction will be much less.

Category Bulgaria Energy | 2019/06/06 latest update at 11:00 PM
Source : Novinite | Photocredit : Google
Comments Add comment

БГ Медия - Медия за Българите в Лондон
Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.

Sponsored Publications