The world economy will survive, but this will not be good for businesses and people. It will be a difficult test, because at a price of about $ 120 per barrel, the price of a column should be 1.70. At a price of $ 200, we would be heading for a catastrophe. Everyone's hope is that this conflict will stop sooner rather than later, but if it continues, I don't know what could happen. This was stated to bTV by energy expert Yavor Kuyumdzhiev regarding the fuel crisis due to the conflict in the Middle East, quoted by novini.bg.
„Something more - despite the barrels allocated by the International Energy Agency, the market reacted in panic - the price not only does not fall, but increases. After this measure, there is nothing else to do and the invisible hand of the market will work“, he specified.
Expert Yavor Dyankov drew attention: „Our capacity is not particularly large. We need to look for alternative sources of fuel that can save this situation. I offer one solution - gas from Nigeria, this is the eighth country in the world in terms of gas and oil. Instead of supplying from there, we supply from America. We propose to enter into the „Botaş“ contract. I suggested this to Zhecho Stankov, but did not receive a response. And I had prepared a contract, he didn't answer me at all, and they offered a very low price for five years. Nigeria is ready to come to Bulgaria, to sign this contract at a low price, they will not take advantage of the global problem, because they want markets, because they don't have many markets.“
According to him, the problem for Bulgaria is to look for alternative sources at low prices.
“I am skeptical that any producer will sell to anyone at a price lower than the one at which someone else can sell. I would sell it to the one who offers the most money, if I were him. Mr. Dyankov is right - in the contract for “Botas“ there are several hidden prices, which are the price for degasification of the gas and the price for transportation, which are quite high - 2-3 times than the transportation through the Greek network. On the other hand, if any operator brings a tanker to a Turkish port, he must sell it to “Botaş“, which then sells it to us“, Kuyumdzhiev specified.
According to him, everything is a matter of calculations, everything is possible: “The question is how many free gas carriers there are in the world, because a large part of them are blocked in the Persian Gulf.“
“From Nigeria, you cannot pass through the blocked strait. In the contract with “Botaş“ the price is 11 dollars, from Greece - 4 dollars. In order to compensate for these 11 contracts, Turkey does not agree to reduce this price. There are no clauses for terminating the contract“, explained Dyankov.
According to Kuyumdzhiev, if there is cheap input gas, the contract will be super profitable: “If the option with Nigeria is possible, we will become the Kuwait of the Balkans.“
He congratulated Minister Traycho Traykov: “For the first time since 2009, we have a minister who understands energy. I hope he can deal with the Turks. I think the Turks are very capable businessmen, they have defended their interest in this contract well, but when you have a dairy cow and it dies, isn't it better to take less from it than nothing? It is possible, I believe, that we will renegotiate "Botaş".
Dyankov announced that he had spoken with the general director of "Botaş" and there are no indications that a Bulgarian minister or the state has approached Turkey to renegotiate the contract, and the Turks have no interest in renegotiating it.