Bulgaria's Govt Approves Draft MoU on Eastring Pipeline

Business » ENERGY | July 13, 2016, Wednesday // 14:16
Bulgaria: Bulgaria's Govt Approves Draft MoU on Eastring Pipeline File photo, BGNES

The cabinet of Bulgaria has adopted a draft MoU with Slovakia on the Eastring pipeline project, its press office says.

At its regular Wednesday meeting, it has moved to throw political support behind the project whose idea is to link the existing natural gas infrastructure of Bulgaria and Slovakia via Romania and Hungary.

The transport corridor, once providing a link to the Interconnector Greece-Bulgaria or IGB, (that is due to be finished over the course of two years), is to ensure there are options for gas supplies both ways.

Eastring could potentially connect Slovakia with the Balkans and existing gas pipelines in Ukraine, Slovakia, Czech Republic, Hungary and Romania to the planned Balkan gas hub near Bulgaria’s Black Sea port of Varna. Slovakia's Ambassador to Bulgaria, Mari?n Jakub?cy, last week pointed to the fact that the pipeline will link two liquid markets, namely those of Germany and Turkey, and could transport gas from a number of locations.

The MoU, once approved by all countries, will create a working group involving the countries' gas grid operators to study the project.

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Tags: Eastring, gas, Slovakia, Bulgaria, IGB, Marian Jakubocy
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