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Bulgaria, Turkey to Ink Gas Deal >> LNG World News

Bulgaria, Turkey to Ink Gas Deal >> LNG World News




home » News » Bulgaria and Turkey give political backing to gas link

Bulgaria and Turkey give political backing to gas link

Bulgaria and Turkey will sign a political agreement to support the construction of a pipeline that will link the gas systems of the two country’s and allow Caspian natural gas flows to Europe, said Bulgarian Energy Minister Traikov. The 77km link will have a capacity to transport up to 3bnm3 per year, with an option to double it.

“Bulgaria and Turkey will sign a political accord…which will state that the project is of strategic importance for both countries,” he said after meeting his Turkish counterpart Taner Yildiz in Istanbul. “Bulgarian-Turkish gas link, along with the interconnector gas link with Greece, will allow Caspian gas supplies to our country and the region as well as cheaper shipments from a liquefied natural gas terminal.”

At present, Bulgaria buys nearly all of its gas through Russia’s Gazprom, which supplies it through one route. The new deal would enable the country to diversify its suppliers and routes as it builds gas links with Balkan neighbours Turkey, Greece, Romania and Serbia, ensuring a more secure supply. Bulgaria was left without gas for over a week in the winter of 2009 following a dispute between Russia and Ukraine.

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Bulgaria, Turkey to Ink Gas Deal

Posted on Nov 21st, 2011 with tags , , , , , , , .

Bulgaria, Turkey to Ink Gas Deal

Bulgaria and Turkey will sign a political accord to back the construction of a pipeline aimed to link the gas systems of the two neighbours and allow Caspian natural gas flows to Europe, Bulgarian energy minister said on Saturday.

European Union’s Bulgaria, which gets almost all of its gas through one route from Russia’s Gazprom is trying to diversify both suppliers and routes by building gas links with its Balkan neighbours Turkey, Greece, Romania and Serbia.

Bulgaria and Turkey will sign a political accord…which will state that the project is of strategic importance for both countries,” Energy Minister Traikov said after meeting his Turkish counterpart Taner Yildiz in Istanbul.

Bulgarian-Turkish gas link, along with the interconnector gas link with Greece, will allow Caspian gas supplies to our country and the region as well as cheaper shipments from a liquefied natural gas terminal,” he said.

The planned 77-km link will have a capacity to transport up to 3 billion cubic metres(bcm) a year, with an option to double it, Traikov said in a statement.

Sofia has said it is stepping up building gas links to neighbouring countries after a gas dispute between Moscow and Kiev left it without gas for over a week in the winter of 2009.

Traikov said last week the gas link with Greece will become operational first and could be used to transport Azeri natural gas to Bulgaria from 2014.

(reuters)

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Source: reuters, November 21, 2011; Image: government.bg

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