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Ivan Hinovski: It is clear that from the north we have a crisis with gas supplies and only from the south are the flows

The Vertical Corridor project is effectively diversifying gas supplies

Jun 6, 2024 17:18 367

Ivan Hinovski: It is clear that from the north we have a crisis with gas supplies and only from the south are the flows  - 1

"It is clear that from the north we have a crisis with gas supplies and only from the south are the flows that will lead to gas and energy security. ... This flow expands the capabilities of the Trans-Balkan Gas Pipeline. It increases the capacities of individual sections, which until now had low capacity, and enables the transfer of large quantities of natural gas".

This is what energy expert Dr. Ivan Hinovski from the Bulgarian Energy Forum told BNR. According to him, the Vertical Gas Corridor project is effectively diversifying gas supplies.

According to him, the job of the future MEPs will be to stop the "crazy rate of increase in the prices of carbon emissions".

"The price of emissions by 2040 aims to be over 500 euros per ton. This is a killer not just for coal power, but for the industry as well. The role of politicians is either to oppose this program or to seek investment. Because at the same time they plan to oblige us to allocate 3% of GDP for decarbonization. This is the dangerous entrainment of European politicians on climate change. This should go very smoothly".

In the countries around Bulgaria, coal plants stop working.

"And here they are being lied to... Speculation is that someone is stopping them. No, they stop on their own because the energy they produce is uncompetitive on the market, as it is very expensive due to the high prices of carbon emission allowances, no one wants to buy it and they are forced to reduce production and stop," the energy official said. expert.