Expert Kuyumdzhiyev: Sofia will have to take out gas loans for its stupidity towards Russia

MOSCOW, September 4 – RIA Novosti. Bulgaria expects unbearable gas prices due to the stupidity of the country’s authorities regarding Russia. On the broadcast of the TV channel about this Bulgaria IN THE AIR Yavor Kuyumdzhiyev, former Deputy Minister of Energy of Bulgaria.

According to the expert, fuel prices will rise, although the Balkan Peninsula has not previously experienced gas shortages due to supply from Russia and, to a lesser extent, Azerbaijan.

Kuyumdzhiyev said, “What happens when we ourselves leave the contract that guarantees us supply and predictability. In practice, we buy the same Russian gas again.”

The former deputy minister stressed that Bulgarian authorities will have to take out a loan to pay for fuel this winter.

Kuyumdzhiyev noted that although the United States continues to convince European countries of the usefulness of purchasing American liquefied natural gas, there is still no alternative to Russian gas in the region.

“The biggest shale gas companies are American. It’s normal for Pompeo to lobby for American business in Bulgaria, he’s keeping the business. But even in this crisis, not a single European country talks about the use of hydraulic fracturing,” the energy expert said. added..

In August, Bulgarian authorities announced that they refused to negotiate the signing of a new gas contract with Gazprom. Previously, Russia switched to settlements with unfriendly countries in the Russian national currency. To do this, buyers need to open foreign currency and ruble accounts with Gazprombank: the first receives payment in foreign currency, the bank sells it on the Moscow Stock Exchange and deposits funds into the second account.