Page 13 - EurOil Week 21 2022
P. 13

EurOil                                      NEWS IN BRIEF                                             EurOil

       Bulgarian PM says Putin tried       supplies of Russian gas ended, Pektov said   May 23.
                                              Speaking of steps taken in Bulgaria after
                                                                                  The Commission also recommended the
       to split EU and bring down his      the country had gone from “95% to 0%   EU members to reduce their dependency on
                                                                                fossil fuels by increasing the use of renewable
                                           dependence” on Russian gas.
       government with targeted gas        a contract to supply American liquefied   energy sources and by strengthening the
                                              “During my visit to Washington, we signed
                                                                                electricity distribution networks.
       cut-offs                            natural gas [LNG]. We renegotiated the terms   the European Commission said that there
                                                                                  In its European Semester Spring review
                                           with the Shah Deniz consortium so that our
       Bulgarian Prime Minister Kiril Petkov argued   country can receive gas from Azerbaijan   is a double urgency to transform Europe’s
       on May 22 that Moscow aimed to split the EU   again, after the previous government refused   energy system: ending the EU’s dependence
       and bring down the Bulgarian government by   this opportunity for inexplicable reasons,” he   on Russian fossil fuels, which are used as
       cutting off gas to selected EU countries.  explained.                    an economic and political weapon and cost
         Russia’s Gazprom decided to stop                                       European taxpayers nearly €100bn per year,
       delivering natural gas to Bulgaria as of April                           and tackling the climate crisis.
       27 after Sofia refused to amend the existing   Serbia to be able to store   The Commission noted that 85% of
       contract. On April 26, Gazprom also halted                               Europeans believe that the EU should reduce
       the supplies to Poland after the country   300mn-500mn cubic metres      its dependency on Russian gas and oil as soon
       refused to pay in rubles instead of euros.                               as possible to support Ukraine.
         In an oped for Frankfurter Allgemeine   of gas in Hungary, president     “The measures in the REPowerEU Plan
       Zeitung republished on the Bulgarian                                     can respond to this ambition, through energy
       government website, Petrov argued that   says                            savings, diversification of energy supplies,
       Putin had three aims in selecting Bulgaria                               and accelerated roll-out of renewable energy
       – which until the end of April got almost all   Serbia will be able to store 300mn-500mn   to replace fossil fuels in homes, industry and
       of its natural gas from Russia – as one of the   cubic meters of gas in Hungary, Serbian   power generation,” it said.
       country to cut off.                 President Aleksandar Vucic told local media
         “First of all, he wanted to demonstrate that   on May 21.
       he could destabilise a European government   Vucic said he had been informed by Prime   Serbia seeks to connect to
       that has declared a policy of zero tolerance for   Minister of Hungary Viktor Orban that
       corruption. As in many other countries, so in   Serbia would be able to store some of its gas   BRUA on Romanian territory
       Bulgaria, it is through corruption that Russia   in Hungary, because there are not enough
       influences state policy,” wrote the Bulgarian   storage capacities in Serbia, according to the   Serbia, a country that buys natural gas from
       prime minister.                     eKapija portal, referring to Kurir.   Russia at preferential prices due to its political
         “Second, hoping for a new, pro-Russian   With the storage of gas in Hungary, the   ties with the regime in Moscow, is now
       government, the Kremlin aims to restore   citizens of Serbia will be safe in the winter,   seeking to connect its gas transport grid with
       Russian influence in Bulgaria, a country   even if “someone tries to cut the gas pipelines”,   the BRUA natural gas corridor — a project
       with historical sympathies for Russia, which,   Vucic said. There are also plans to build a   essentially aimed at helping the countries in
       however, has consciously decided to join   storage facility in Srpski Itebej.  the region offset the dominance of the Russian
       Nato and the EU after a difficult period of   Vucic and Orban met in Novi Sad at the   gas.
       transition.”                        opening of the Agricultural Fair. “For us,   Serbia’s Energy Minister Zorana
         He added: “Targeting Bulgaria and Poland,   the friendship with Hungary is of essential   Mihajlovic, visiting Romania, said on May 23
       the Kremlin relied on tensions and disunity   importance. At the moment, we have 162mn   that her country would prepare the design and
       in the European Union. The fact that the   cubic metres of gas in our part of [storage   technical documentation for the construction
       EU is currently maintaining its unity and   facility] Banatski Dvor, and in the Russian   of a 12.8-kilometre-long gas pipeline that
       determination against Russia was probably   part, we have another 123mn. We can   would connect Mokrin in Serbia and the
       the biggest surprise for many. It was here that   withdraw 5mn cubic meters of gas a day,   border with Romania, which would allow
       the Kremlin saw a good opportunity to try to   which is not enough in the winter, because   Serbia to connect with the national power grid
       break that determination.”          we withdraw up to around 15mn then. That is   in Romania, operated by Transgaz, and to the
         Ahead of the decision, Bulgaria’s ruling   why it’s important to have another source as   BRUA pipeline.
       coalition had been strained by the war in   well and a place where we can store gas,” Vucic   “Serbia and Romania have good relations
       Ukraine. While Petkov’s Change Continues   said.                         and this is an excellent basis for discussing
       favoured sending military aid to Ukraine,                                future joint projects,” said Zorana Mihajlovic.
       this was strongly opposed by one of its                                    Serbia is already supplied from the Turk
       coalition partners, the pro-Russian Bulgarian   Slovenia recommended to   Stream with Russian gas through Bulgaria.
       Socialist Party (BSP). Another coalition                                   BRUA — which connects Bulgaria,
       partner, Democratic Bulgaria, threatened   reduce dependency on fossil   Romania, Hungary and Austria — was
       to quit if aid was not extended. Meanwhile,                              designed to lessen dependence on Russian
       President Rumen Radev had disappointed   fuels                           gas and provide a new export route for future
       his supporters by not taking a tougher line on                           natural gas exploitation in the Black Sea.
       Russia. However, when it came to the vote in   The European Commission recommended
       Parliament, the BSP backed the government’s   to all EU countries, including Slovenia, to
       position, averting a crisis.        diversify their imports of fossil fuels, it said on











       Week 21   27•May•2022                    www. NEWSBASE .com                                             P13
   8   9   10   11   12   13   14