• Українською
  • President Zelenskyy's Peace Formula: a new model of energy resilience will ensure global energy security
    Ministry of Energy of Ukraine, posted 21 November 2023 18:20

    One of the objectives of the President's Peace Formula: Energy Security Working Group is to develop a model of energy resilience as part of a global strategy to reduce risks and prevent further aggression using energy as an external lever of influence.

    This was emphasised by the Minister of Energy of Ukraine German Galushchenko during the presentation of the priorities of the Peace Formula of President of Ukraine Volodymyr Zelenskyy to his colleagues from Bulgaria.

    The event was initiated by Bulgarian partners. The online event was also joined by Julian Popov, Minister of Environment and Water of the Republic of Bulgaria, Nikolay Nikolov, Deputy Energy Minister, Atanas Slavov, Minister of Justice, Ihor Zhovkva, Deputy Head of the Office of the President of Ukraine, and others.

    German Galushchenko thanked Bulgaria for its participation in the working group on energy security, which includes representatives of 31 countries.

    The Minister also stressed that the Ukrainian side appreciates Bulgaria's consistent position on reducing fossil fuel supplies from the aggressor state, as well as as the initiator of the Regional Working Group for South-Eastern Europe in support of the EU Energy Platform and the introduction of REPowerEU.

    "For decades, russia has been using energy as a weapon and trying to manipulate prices on energy markets. We must learn the lessons of this war: we must work together to stop russia and prevent them from controlling governments in exchange for energy discounts. We need to work together to develop measures that will strengthen global energy security and build a new sustainable global energy architecture," the Minister said.

    The Minister of Energy stressed that collective efforts aimed at accelerating the green transition, development of renewable energy sources and hydrogen technologies would help to replace russian hydrocarbons from global markets.

    In his speech, German Galushchenko paid special attention to the need to consolidate international efforts to ensure nuclear and radiation safety as an integral part of global energy security. In this context, the Minister stressed the importance of de-occupation of the largest nuclear power plant in Europe, Zaporizhzhia NPP, by russia.