Send to Kindle
File photo
The state-owned natural gas transmission operator Bulgartransgaz was awarded EU funding for pre-investment feasibility study of the planned interconnector between Bulgaria and Turkey.
The agreement for the funding of the pre-investment feasibility study of the projected gas interconnector between Bulgaria and Turkey was signed on April 3, BGNES news agency reports.
The interconnector was selected to receive financial support by the European Commission under the Connecting Europe Facility Mechanism – CEF-Energy.
The total value of the feasibility study is estimated to be EUR 380 000, with the half of the cost to be covered by the Connecting Europe Facility.
The interconnector is a project for linking the gas transmission networks of Bulgartransgaz and the Turkish BOTAS.
It is expected that the interconnector will provide opportunities for diversification of the sources of natural gas, the supplying partners and transition routes.
The implementation of the project foresees to raise the security of supply in the region and increase competition.
The interconnector is one of the projects, which will contribute to the implementation of the priority Southern Gas Corridor.
The Southern Gas Corridor foresees the transportation of natural gas from the Caspian basin, Central Asia, and the Middle East to the EU as means of diversifying gas supplies.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations
Slovak Prime Minister Robert Fico has announced Slovakia's opposition to Ukraine's bid for NATO membership, emphasizing the need for a neutral Ukraine to safeguard Slovakia's interests
Kiril Vatev, Bulgaria's Minister of Agriculture, has tendered his resignation
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
