Expert: Shale gas could employ 300,000 in Bulgaria
The exploration of shale gas in Bulgaria could boost investment and create 300,000 new jobs, prof. Nikolai Vulkanov stated on the "Geology and carbon potential of the Balkan - Black Sea Region" conference, Standert reported.
The conference, initiated by the professor, was held in the Black sea resort of St. Constantine.
With USD 120 per ton, shale gas extracted in Bulgaria would be 3-4 times cheaper than the current USD 500/ton exports from Russia, Vulkanov noted.
Just days ago, the European Commissioner for Industry and Entrepreneurship Antonio Tajani stated that Europe's energy strategy is flawed and should be changed. He stressed that the continent is facing industrial genocide due to the competition from overseas shale gas, which has brought down the price of natural gas by 80%.