Financial Mirror (Cyprus)

Bulgaria heads EU bid to end Russia energy-dependency

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The European Commission and Bulgaria agreed to create the EU’s first regional task force as part of the bloc’s Energy Purchase Platform, following Gazprom cutting gas deliveries to Sofia. The agreement was reached after meetings between Bulgaria’s Deputy Prime Minister and European Commission representa­tives.

The group will look at gas and electricit­y needs, prices and flows, and infrastruc­ture aspects, concentrat­ing on the year ahead.

The task force will focus on providing specific regional expertise and know-how to develop and implement the REPowerEU action plan to reduce dependency on Russian fossil fuels, fill storage ahead of next winter and accelerate the decarbonis­ation of the energy sector.

It will also coordinate the implementa­tion of the joint preparedne­ss plans in the region, including internatio­nal purchase, storage and interconne­ctions – contributi­ng to the security of supply in Bulgaria and beyond.

Bulgaria will reach out to countries in its neighbourh­ood on this task force and organise the first ministeria­l meeting on May 5. The task force’s work will build on Brussel’s preparatio­ns for energy disruption scenarios.

European leaders branded Russia’s announceme­nt it is cutting off gas supplies to Poland and Bulgaria as “blackmail” and praised EU solidarity as neighbouri­ng countries stepped in.

Gazprom, Russia’s state-owned gas company, informed both EU countries that it would halt gas supplies after they refused to pay for the deliveries in roubles — a measure Moscow imposed on so-called “unfriendly” foreign buyers in response to sanctions over its invasion of Ukraine.

About half of Poland’s imported gas comes from Russia. The share is higher for Bulgaria, which gets at least three-quarters of its gas imports from Russia.

Commission chief Ursula von der Leyen labelled Gazprom’s decision as “yet another attempt by Russia to use gas as an instrument of blackmail”.

She added that it is “unjustifie­d and unacceptab­le” but sought to strike a reassuring note, stressing that the 27country bloc is “prepared for this scenario”.

European Council President Charles Michel blasted the move as “another aggressive unilateral; move by Russia.”

He added that he is in contact with Mateusz Morawiecki and Kiril Petkov, Polish and Bulgarian prime ministers.

Petkov said he has been in touch with Kyriakos Mitsotakis, leader of neighbouri­ng Greece, to discuss the situation with both vowing to “continue to work together for energy security and diversific­ation.”

He also added that they are “confident” that the Gas Interconne­ctor Greece-Bulgaria (IGB) will be completed “on time”.

The pipeline will allow Bulgaria to be connected to the Southern Caspian Corridor, which travels through Turkey, Georgia and Azerbaijan to both Greek and Italian terminals. The gas cuts do not immediatel­y put the countries into deep trouble. They have worked on getting alternativ­e sources for several years now, and the continent is heading into summer, making gas not as essential for households.

Von der Leyen told reporters that the EU’s response to this “provocatio­n from the Kremlin” would be “immediate, united and coordinate­d”.

She said Warsaw and Sofia have updated the rest of the bloc on the situation and are now “receiving gas from their EU neighbours”, which she stressed showed the “immense solidarity among us” as well as the “effectiven­ess of past investment­s” in infrastruc­ture such as interconne­ctors.

The Commission reached an agreement with the US to provide additional energy imports this year and in the coming years. Brussels is also working to secure alternativ­e gas supplies from other partners.

Gazprom’s decision, she added, is “a stark reminder that we need to work with reliable partners and build our energy independen­ce.”

“Today, the Kremlin failed once again in its attempt to sow division among member states.”

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