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Bulgaria to keep fracking moratorium

Bulgaria to keep fracking moratorium

Bulgaria is set to keep its fracking moratorium in place for the foreseeable future according to the country’s Prime Minister Boyko Borisov, but he is hopeful that alternative extraction methods to hydraulic fracturing may be developed to allow the development of Bulgaria’s shale industry.

Speaking at the annual forum of the American Chamber of Commerce in Bulgaria, examining the “Priorities of the Bulgarian Government in 2015: Policies and measures for economic growth, attracting investments and implementation of the operational programmes”, Borisov outlined the key issues facing Bulgaria, one of which is shale gas.

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