admin April 23, 2015

Bulgaria on Wednesday took a step toward reducing its dependence on Russian energy supplies by agreeing to build a link to natural gas grids in neighbouring Romania and Greece, according to a senior government official, Wall Street Journal reported.

We are finally getting a new source of gas because until now we were totally reliant on one source-Russia, said Bulgaria’s Deputy Energy Minister Zhecho Stankov.

The new link agreed between Bulgaria, Romania and Greece, known as a vertical gas corridor, will cost about €220 million ($236.2 million) and become operational in 2018, Mr. Stankov said. Through the link, Bulgaria will be able to buy gas from Azerbaijan and from Greece’s liquefied natural gas terminals, he said.