„Bulgaria gets a real competitive advantage in the gas crisis, because about 40% of consumption is covered by the long-term contract with the Azerbaijani consortium, where the price is tied to oil derivatives and is calculated with a nine-month delay.“
„This means that the country does not directly absorb the shocks from the spot markets, where the price of natural gas increases many times more sharply“, he specified.
According to him, oil derivatives move more moderately, and the delayed effect gives the industry time to plan and the state time to react.
„Thus, prices in our country remain more stable and predictable, which is key in a period of energy uncertainty“, he wrote Traykov.
“I feel personal satisfaction that 15 years ago, as a minister, I took the necessary steps to have a gas connection with Greece, a contract for gas from Azerbaijan, and a shareholding in the terminal“, he also wrote.