Bulgaria to Get Natural Gas from Egypt in 2011

Business » ENERGY | April 16, 2009, Thursday // 15:19| Views: | Comments: 0
Bulgaria: Bulgaria to Get Natural Gas from Egypt in 2011 Exactly a year ago, April 14, 2008, Bulgaria's President Parvanov (right) and Egypt's President Mubarak (left) negotiated in Cairo the future Egypt gas suplies to Bulgaria. Photo by BGNES

Bulgaria's is going to receive 1 billion cubic meters of natural gas from Egypt annually starting 2011-2012.

This provision is included in a bilateral draft memorandum, BGNES reported.

The memorandum will be signed by Bulgaria's Energy and Economy Minister Petar Dimitrov and Egypt's Minister of Oil, Amin Sameh Fahmi during the "Natural Gas for Europe" Summit in Sofia on April 24-25, 2009.

The Egyptian gas will be delivered to Bulgaria first through the Arab Pipeline to Turkey, and then through the liquefied natural gas (LNG) terminals in Southeast Europe.

The Bulgaria-Egypt Memorandum also states that the parties will explore the opportunities for transporting Egyptian natural gas to the EU though Bulgaria's gas transit network.

 

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Tags: natural gas, Natural Gas for Europe, Egypt
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