• Wednesday, 03 July 2024

Von der Leyen: New energy era begins for Bulgaria, EU

Von der Leyen: New energy era begins for Bulgaria, EU
Sofia, 1 October 2022 (MIA) — A new era for Bulgaria and for South-East Europe begins. Bulgaria used to receive 80% of its gas from Russia. That was before Russia decided to launch an atrocious war against Ukraine and an energy war against Europe, said European Commission President Ursula von der Leyen at the commissioning ceremony for the gas interconnector between Greece and Bulgaria held in Sofia on Saturday. "This pipeline is a game changer. It is a game changer for Bulgaria and for Europe's energy security. And it means freedom. It means freedom from dependency on Russian gas. Indeed, the interconnector could cover the entire gas consumption of Bulgaria. This is really great news in very difficult times," the EC head highlighted. She also said the project of the gas interconnector between Bulgaria and Greece had been on the table for over ten years. "So it has been quite a while. It was launched in 2009, at a time actually when Bulgaria was hardly hit by Gazprom's decision to stop gas flows through Ukraine. It took a lot of determination to reach the goal." Thanking the Greek and Bulgarian governments for making it happen, she added that "a lot of stamina is necessary, a lot of strategic patience. I think there were ups and downs, and you made it." "The European Union has supported this project from the very first day, politically but also financially, with round about EUR 250 million," von der Leyen noted. "Both here in Bulgaria and across Europe, people are feeling the consequences of Russia's war. But thanks to projects like this, Europe will have enough gas for the winter," she said. "We worked very hard during the last months to get there. The first step was diversification away from Russian gas towards other reliable suppliers. President Aliyev, I visited you in July for that purpose. Our friends from Norway, our friends from the United States, Algeria and many others who helped us in this critical moment. "Secondly, of course, savings. Savings to the storage that we are managing together. "And we should not forget a third step that is so important, that is the mid and long term, and that is massive investment in renewable energy – wind energy, solar energy, hydropower, biomass, hydrogen, you name it. Because we know that this is energy that is home-grown, produced here. It creates jobs here and it makes us independent from others. Europe has, in other words, everything it needs to break free from our dependency on Russia. It is a matter of political will," the EC head said. Pointing out that the continent was at a critical juncture, she said that despite the energy crisis being serious, Europe could handle it. She said it required a common response that would reduce the energy costs for families and businesses. The European Union, she added, would limit the exceptional profits made by some energy companies and would take these profits to support vulnerable households and businesses. Pointing out the need to protect the fundamentals of the EU economy, and in particular the single market, she said a common European solution was needed to avoid fragmentation. "So it is paramount that we preserve a level playing field for all in the European Union, in the Single Market. And it is paramount to avoid distortions of the Single Market. "So the task ahead of us is very clear. We will do more to contain the skyrocketing energy prices which are weakening our economy. And we have to do it as Europeans, together and jointly. This is what we will discuss in a few days in Prague with the European Leaders. And I am very much looking forward to this. I very much liked your motto: ‘If you want to go fast, go alone. If you want to go far, go jointly with others.' So let us stand together and shape our strong and resilient Energy Union," the EC President said. mr/