Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Shale Gas to Win Bulgaria's Energy Independence - Minister
Date: 18/05/2011
Shale Gas to Win Bulgaria's Energy Independence - Minister

The shale gas resources in Bulgaria could greatly improve the country's energy independence and would create a new alternative for its gas needs, Bulgarian Economy and Energy Minister, Traicho Traikov, declared.

"As far as shale gas is concerned, the global markets are changing," the Bulgarian Minister pointed out. "It is crucial that the shale gas extraction technologies are environmentally safe."

The Minister also pointed out Bulgaria is putting efforts into diversifying Bulgaria's gas imports, including through the South Gas Corridor.

Traikov spoke during a Conference entitled "Shale Gas: Managing Europe's Emerging Resource" at the Copernicus Science Center in Warsaw. Poland, which hosted the conference has an estimated 5 billion cubic meters off gas, according to experts, and is said to have the prospects of becoming the pioneer in Europe's shale gas exploration.

In September Direct Petroleum, a US-based small oil and gas company with a Bulgarian subdivision, announced the first two discoveries of shale gas in Bulgaria. Both are located in the central northern part of the country. One of them, located near the town of Etropole, is believed to be of considerable size.

The total amount of Bulgaria's shale gas resources has been initially estimated at some 300 million cubic meters.

Until now, interest towards Bulgaria's shale gas has also been shown by the US companies Chevron , Integrity Towers and BNK Petroleum.

Shale gas had led to an important transformation of the natural gas market. Since the mid-00s, American shale gas production has been on dramatic rise.

Topic: Economy

Featured District
Invest Bulgaria Charts
Employed People in Bulgaria
Employed People in Bulgaria

FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

See all charts
Did You Know?
Bulgarian roses
Bulgarian roses
The Bulgarian roses, used to make some of the finest perfumes in the world, can not be found ... More

Georgi Asparuhov - Gundi - a legendary Bulgarian stricker considered by many people as the best Bulgarian footballer of all times.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members