Bulgaria Tables Gas Hub Proposal in Russia

      Published on Monday, 22 June , 2015      144 Views     

  • Bulgaria Business

petrovaBulgarian Energy Minister Temenuzhka Petkova has told Russian counterpart Alexander Novak that Sofia is proposing the construction of a gas hub on Bulgarian soil.

The idea put forward by Petkova includes setting up a transceiver in the Black Sea city of Varna to which Russian gas will be carried, alongside all the volumes potentially received from the interconnectors and future volumes extracted from the Black Sea.

Bulgaria is currently seeking to complete gas links with networks of all its neighbors, and is pinning hopes on exploration at Black Sea gas deposits off its coast.

“We have made the European Commission familiar with the concept, and the projects it involves are included in the 10-year development plan of the ENTSOG,” the Energy Ministry in Sofia quotes Petkova as saying. ENTSOG, the European Network of Transmission System Operators for Gas, is a body set up to oversee cross-border trade in the EU under the Third Energy Package.

At the meeting, which took place on Friday within the Saint Petersburg International Economic Forum (SPIEF), she explained that the ENTSOG is now to carry out an analysis of the impact the project could have on neighboring states to assess whether it is of joint interest.

Petkova also told Novak that the hub will offer an effective opportunity to carry Russian gas to Central Europe. –


Category Bulgaria Business | 2015/06/22 latest update at 10:00 AM
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