Bulgaria and Oman to Strengthen Energy Ties through New Agreement
Key Ideas
- Bulgaria and Oman plan to sign a Memorandum of Understanding to enhance energy cooperation within the next two months.
- The agreement will focus on various energy sectors, including oil and gas, hydrogen, renewable energy, and potential Omani investments in Bulgaria.
- Bulgaria aims to secure and diversify its energy supply, with discussions on importing liquefied natural gas from Oman to meet winter energy demands.
- Collaboration in hydrogen energy and the development of a hydrogen interconnector with Greece are key areas of interest for both countries.
Bulgaria and Oman are moving towards strengthening their energy ties by preparing to sign a Memorandum of Understanding (MoU) within the next two months. The MoU will aim to enhance bilateral cooperation in energy sectors such as oil and gas, hydrogen, renewable energy, and potentially Omani investments in Bulgaria. Minister Malinov highlighted the importance of securing Bulgaria's energy supply and mentioned plans for importing liquefied natural gas (LNG) from Oman to address winter energy needs. Minister Al Aufi expressed interest in Bulgaria's expertise in pumped storage hydropower plants for storing energy from renewable sources. The discussions also revolved around the potential collaboration in hydrogen energy, with a focus on Bulgaria's role as a gateway for hydrogen to Europe. A joint project with Greece to build a hydrogen interconnector, recognized as a Project of Common Interest by the EU, was mentioned. This MoU will serve as a foundation for advancing energy relations between the two countries.
Topics
Middle East
Renewable Energy
Investment
Energy Cooperation
EU Project
Bilateral Relations
LNG Terminal
Hydropower Plants
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