Construction of Bulgaia's Gas Link with Greece to Start End-2014
Work on the interconnection gas link between Bulgaria and Greece will kick off at the end of 2014, Economy Minister Dragomir Stoynev announced.
At a meeting with Azerbaijani counterpart Natig Aliev, Stoynev said Bulgaria had almost caught up with construction schedule and will be able to start looking for an investor into the interconnection as early as at the end of this month.
Building of the link could then be kicked off in the beginning of 2015 at the latest, he added, admitting that the pre-construction stage had taken too much time.
During his talks with Azerbaijan's Economy Minister, Stoynev discussed proposition by Baku to supply Bulgaria with 1 B cubic meters of gas on a yearly basis.
It became once again clear, however, that the country is not technically ready to receive the deliveries from Azerbaijan, as it is lacking infrastructure.
Prospects of liquefied natural gas (LNG) supplies through Greek ports were also on the agenda, but no final decisions were taken.
- » Gazprom Puts Forward New South Stream Route
- » Bulgaria's NEK Repays EUR 309 M Debt to Local Unit of U.S.-based AES Corp
- » Bulgaria’s BEH Signs EUR 535 M Loan Deal to Repay Debt to Units of AES, ContourGlobal
- » Competition Regulator Carries out Inspection at OMV Bulgaria
- » Bulgaria's Competition Watchdog Conducts Inspections at Shell, Eko
- » Noble Globetrotter II to Start Drilling for Gas off Bulgaria’s Coast in May