Romania and Greece join Bulgarian gas pipeline – Bulgaria will be able to buy gas from Azerbaijan via this pipeline (Azeri-Press News Agency)

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.

   

Related Posts