Bulgaria could receive gas supplies from Israel using the transportation grid of Greece, Bulgarian Prime Minister Plamen Oresharski said while in Israel.

Business representatives of both Israel and Bulgaria declared their interest in energy cooperation at a joint conference on Monday evening.

Oresharski, however, was quoted by Darik Radio as saying that energy ties between the two-countries are a "mid-term" project, as it was "too early" to discuss possible quantities or prices.

The reason is that Israel is still conducting its research on the actual size of its gas deposits and which is to take three or four more years.

Bulgaria's Prime Minister suggested a pipeline should be built to link Israel and Greece, a move which in his words would make supplies "easy".

A gas interconnection grid is to be built between Bulgaria and Greece, with its construction scheduled to begin at the end of 2014.

Tel Aviv has discovered significant quantities of gas in its territorial waters in the Eastern Mediterranean. It is yet to start cooperation in the field with neighbors and countries in the region, as it has not yet estimated the exact amounts it could deliver.

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