Balgarianovinite.com Bulgatransgaz CEO Vladimir Malinov said that the dynamics of the energy market have been completely transformed, following an agreement reached in European for a full ban on imports of Russian natural gas starting at the end of September 2027, as well as the ongoing policy of the new US administration, which from its first day in office has encouraged an increase in liquefied natural gas exports.
“We anticipated such a development of the market, and that is why we have been consistently working on the implementation of the Vertical Gas Corridor as the main highway for transporting liquefied natural gas to the region. Nine gas transmission operators already participate in the project, which is of strategic importance not only for Bulgaria and Greece, but for the entire region,” Malinov said during the 25th edition of the World LNG Summit, held in Istanbul, Turkiye.
According to Malinov, forecasts show a steady increase in natural gas consumption in the region, both due to the transition to gas-fired power plants and the significant potential for building new capacities. “To meet this demand, we need modern infrastructure with sufficient capacity. LNG terminals in Greece and Turkiye provide natural access to new sources, and the logical route for transport to the region passes through Bulgaria,” he added.
Malinov called for regional-scale thinking regarding the signing of long-term contracts for the supply of liquefied natural gas. “The markets in Southeastern Europe are relatively small. If we combine our demand requests and offer LNG traders joint long-term contracts, we will achieve better prices and higher competitiveness for households and businesses throughout the region,” he said.
Malinov noted that large-scale investments in gas-powered electricity generation capacity are already being implemented in neighboring countries, and many existing coal-fired power plants will transition to natural gas. “Our analyses show that natural gas demand in the region will increase by between 20 and 30% over the next five years. This makes investments in infrastructure crucial and urgent,” he added.
On Wednesday, the EU Council and the European Parliament announced that they had reached preliminary approval on the European Commission’s proposal for a gradual phaseout of Russian gas imports over the coming months. The decision must still be formally endorsed by MEPs and EU member states so that imports of Russian liquefied natural gas can be halted from the end of next year, and imports of pipeline gas from 2027 onward. Energy Market Dynamics Have Been Transformed – Bulgtransgaz CEO 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-04 14:50:13 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law