Balgarianovinite.com During the Three Seas Business Forum in Dubrovnik on April 28 and 29, Bulgaria presented its initiative, supported by Romania, Greece, Ukraine, and Moldova, for strategic support from the European Commission (EC) for the development of the Vertical Gas Corridor, the Energy Ministry said here on Wednesday. Bulgaria was represented by Deputy Energy Minister Teodora Georgieva, who highlighted the project’s vital importance for Europe’s long-term energy security and for ensuring diversified, reliable, and competitive natural gas supply routes.
In a letter to European Commissioner for Energy and Housing Dan Jorgensen, the countries highlight two key measures for the project’s competitiveness: accelerated infrastructure development and regulatory support to enable more efficient use of the south-north route.
The first measure calls for Bulgaria to double the capacity of the Vertical Gas Corridor – proactively and in response to the changing geopolitical environment. The Bulgarian government confirmed that the project will be implemented on an accelerated timeline to ensure sustainable supplies and provide a real alternative to Russian gas in line with the objectives of the REPowerEU plan.
The corridor partners support Bulgaria’s proposal that the EC establish a special infrastructure financing mechanism to assist the countries that carry the heaviest burden from the shifting gas flows and new regulatory requirements.
The second step is the introduction of the so-called super-bundled capacity booking products, which will provide predictability for long-term liquefied natural gas (LNG), allowing for the integration of large volumes of LNG from diversified sources, including the US, ensuring the route’s competitiveness, and transforming it into a stable platform for significant LNG flows during the period of accelerated reduction in Russian gas.
“We must find innovative ways and adapt regulations to promote security and competitiveness. The Vertical Gas Corridor is a strategic infrastructure of European significance, enabling real diversification of supplies and the integration of LNG into the energy systems of Southeast and Central Europe,” Georgieva said.
Within the framework of the forum, the Deputy Minister participated in the energy discussion on the development of energy corridors in the Three Seas region, alongside Director-General for Energy at the EC Ditte Jorgensen, US Secretary of Energy Chris Wright, and US Special Envoy for Energy Integration Joshua Volz. Bulgaria Proposes Initiative for Vertical Gas Corridor at Business Forum in Dubrovnik 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-04-29 17:31:54 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