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News // Politics

Focus on Bulgaria: the Energy Union tour

14 March 2018 , 18:00Neftegaz.RU464

Sofia, 14 March - Neftegaz.RU. European Commission Vice-President for Energy Union Maroš Šefčovič will be in Bulgaria on 14-15 March as part of the Energy Union tour. The Energy Union is the EU's strategy to ensure that European citizens have access to secure energy.

 

Šefčovič will meet Bulgarian President Rumen Radev, PM Boyko Borisov and Minister of Energy Temenuzhka Petkova. Their discussions will focus on Bulgaria's progress towards its 2020 targets for energy efficiency, renewables and greenhouse gas emissions reduction, its energy security situation, and the development of its internal energy market.

 

From 1990 to 2016, Bulgaria decreased its greenhouse gas emissions by over 40% and is well on track to meet its 2020 reduction target for sectors outside the EU Emissions Trading System. Nevertheless, it remains the most greenhouse gas-intensive country in the EU.

 

It is also the most energy-intensive economy in the EU and, while its energy efficiency has improved, continued energy savings will be needed to achieve its 2020 target for energy efficiency. Bulgaria is on track to meet its renewable energy target for 2020.

 

In terms of security of energy supply, Bulgaria is relatively vulnerable, as its level of interconnection with neighbouring countries is low. It is also heavily reliant on domestically mined lignite, and as its economy decarbonises it will need to find new internal sources of less carbon-intensive fossil fuels and renewable energy, or else increase energy imports.

 

 The situation should be improved by its membership of the Central Eastern and South Eastern Gas Connectivity (CESEC) regional initiative, focused on building cross-border infrastructure, which will help to diversify gas supplies in the region.

 

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