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Commenting article: EBRD Backs Bulgaria's Plans for Gas Hub in Varna

The European Bank for Reconstruction and Development (EBRD) is prepared to back Bulgaria's plans for a regional natural gas hub and will support the project financially if it proves viable, the bank's president Chakrabarti said on Monday.

Suma Chakrabarti pointed out that Bulgaria’s geographical position favours the construction of a regional gas hub and offered the bank's expertise in the implementation of  the project, which is also supported by the European Commission.

"We would like to very much work with the state on trying to scope out what would work well and what would also attract foreign investors," he told Reuters in an interview.

Ivailo Ivanov - 21 Sep 2016 // 20:22:58

Where will the gas come from?? Please explain this.

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