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The Future Energy Projects of Bulgaria – Opportunities beyond Frontiers

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  • Virginia Zhelyazkova

Abstract

Bulgaria is situated in a geopolitical crossroad. This creates opportunities that can be beneficial not only for the country, but also for the region and beyond. One of the spheres that Bulgaria can take advantage of is the development of energy projects. This can happen in two main directions: • By serving as energy hub for the region and by distributing natural gas brought via pipelines from Russia and the East. • Exporting electricity produced in the upgraded production facilities as well as in the nuclear power plant in Belene at present under construction. The role Bulgaria could play in the energy market as key transit country is due mainly to two factors: • The geographical location at a crossroad that facilitates it being a mediator between Europe and Asia. • The present situation on the energy market that leads the European countries to seek alternative routes as well as suppliers for vital energy resources. Whether and how much Bulgaria is going to utilize its position is a matter of political will in the first place. The opportunities lying ahead and are ready to serve for the prosperity of the region.

Suggested Citation

  • Virginia Zhelyazkova, 2011. "The Future Energy Projects of Bulgaria – Opportunities beyond Frontiers," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 134-147.
  • Handle: RePEc:bas:econst:y:2011:i:2:p:134-147
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    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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