PM Has Ambition to Turn Bulgaria Into Regional Centre for Transit of Gas
Prime Minister Boyko Borisov expressed his ambition to turn Bulgaria into a key state for the transit of natural gas in the region of Southeastern and Central Europe.
In an interview for Deutsche Welle, Borisov referred to the projected gas hub Balkan, which is planned for construction near the city of Varna.
The project foresees gas in the hub be supplied from Russia, Azerbaijan and Turkmenistan as well as from Bulgarian and Romanian deposits.
According to Borisov, the Bulgarian government and the European Commission are jointly developing the project and securing funding for it.
Bulgarian authorities point that the completion of the gas storage will contribute to the partial diversification of gas supplies to the EU.
The hub will distribute gas to Bulgaria, Romania and Serbia, with the plans foreseeing another 43 billion cubic metres to reach Central Europe.
- » Bulgaria Ex-Energy Min 'Demoted' in Parliament over Pending Allegations
- » Bulgaria, Russia Sign Debt Settlement Deal on Belene Nuclear Project
- » Service Life of Unit 5 of Bulgaria’s Kozloduy NPP Extended Until 2047
- » Bulgaria's Energy Min Defends Predecessor in Belene Nuclear Case
- » Fuel Prices in Bulgaria Not To Increase This Winter
- » First Sections of North Stream 2 To Be Ready in November