Bulgarian Energy Minsiter, Traicho Traikov negotiates energy cooperation with Kazakhstan

The Minister of Economy, Energy and Tourism, Traicho Traikov will participate in the upcoming Energy Forum in Kazakhstan, which will examine the possibilities of supply and transit of natural gas through Bulgaria. The Forum should be opened by the President of Kazakhstan, Nursultan Nazarbayev and will include the Prime Minister  Kazakhstan, Karim Massimov, the EU Energy Commissioner, Günther Oettinger, the former New York Mayor Rudolph Giuliani as well as EU energy ministers and international energy companies. Energy Minister, Traikov will deliver a statement on the role of the Caspian region for the EU Energy Security.

Bulgaria and Kazakhstan will cooperate in the fields of investments and innovation as well as in relation to the development of transport infrastructure for oil and gas. This is stipulated in the agreement on economic cooperation between the two countries, signed in Astana by Minister Traikov and Deputy PM and Minister of Industry and New Technologies of the Republic of Kazakhstan, Asset Isekeshev. As the most Eastern part of the EU, Bulgaria is an excellent platform for influx of goods and investments from the Asian region to the European markets, explained Traikov after signing the agreement. Kazakh companies may bid in the tender contests for granting concession to the Ports of Burgas and Varna.

Russian company Gazprom will deliver the natural gas through private Turkish providers, after the Turkish state-owned Petroleum Pipeline Corporation Botas withdrew from the supply contract, stated the Vice President of the Russian company, Alexandar Medvedev, quoted by Interfax. At present, Gazprom supplies about 60% of the natural gas to Turkey.

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