News

From Bulgaria Bookmark and Share

09.06.2016 16:13
Planned Bulgarian Gas Hub to Get Supplies from Eastring
The Balkan gas hub also received vocal support from the tribune of the GIE meeting in Sofia
AUTHOR: Lyudmila Zlateva

  • Bulgartransgaz CEO Georgi Gegov at the GIE annual meeting in Sofia
    © publics.bg

Bulgarian gas transmission system operator Bulgartransgaz and its Slovak counterpart Eustream have signed today a memorandum of understanding which would allow the planned Balkan Gas Hub in Bulgaria to get gas supplies from the pipeline Eastring, devised to connect the existing gas infrastructure of Slovakia, Hungary, Romania and Bulgaria. This would grant Bulgaria access to the closest Western European gas hub at Baumgarten, Bulgatransgaz CEO Georgi Gegov told journalists during the Gas Infrastructure Europe annual meeting which takes place in Sofia.

“Our delegation and the Slovak delegation, we agreed for the gas hub project “Balkan” to have their project Eastring as yet another entry/exit point. This was the subject of the memorandum of understanding we signed today”, Gegov said, adding that the news for a new pipeline is a positive one, as Bulgaria will have another project on its territory.

The terms for capacities, quantities and participation are still open, Gegov went on to explain. In his words the project will use the existing capacities and the ones in the concept for the Balkan gas hub.

According to Gegov, one of the great advantages of this cooperation is the fact that Bulgaria would get access to the nearest West European gas hub at Baumgarten.

“50 bn cub. m of gas go through Slovakia and it is directly connected to Baumgarten, which is the closest hub to us. In case our concept [for a gas hub] becomes reality, we will also have access to the closest gas hub in Europe. This is the positive outcome for us”, Gegov stated.

The expected capacity from Eastring for the Balkan gas hub are between 10 and 15 bn cub. m per year, while Bulgaria has requested that Eastring should be reversible.

“This way, if the gas pipeline is justified and built, it will be used in both directions, according to the gas prices, the quantities, the demand and the seasonal changes”, Bulgartransgaz CEO said.

The concept is yet to be developed in detail, including deadlines. Gegov did not comment on the timeframe of the cooperation project, stressing the importance for Bulgargaz to have a finger in all regional gas projects.

“The [energy] ministry has given us the task to guarantee that all projects which have the slightest chance of being realized, to go through Bulgaria”, Gegov said.

In terms of financing, the planned gas hub will have the possibility to use European financing, but the European Commission’s advice was to seek out big strategic investors. Bulgartransgaz will organize as soon as July of this year, an investor conference, under the auspice of the European Commission, Gegov informed.

The Balkan gas hub also received vocal support from the tribune of the GIE meeting in Sofia. Mirek Topolánek, ex-PM of the Czech Republic and current board member of Eustream, expressed his support for the project during the GIE meeting opening.

“I support fully the ambition to create the Bulgarian, or Balkan, gas hub. It will be a very importand step towards enhancing security of supply for Bulgaria. Each part of the infrastructure of this hub will enable Bulgaria and the Balkan region to be more diversified in supplies of natural gas”, Topolánek said.

He went on to stress the importance of Bulgaria’s gas interconnections with Greece and Turkey, which should enable to country to access gas from the Caspian region via the pipelines TAP and TANAP.


TAGS: Bulgaria | Balkan gas hub | Eastring | Eustream | Bulgartransgaz | Mirek Topolanek | GIE | Gas Infrastructure Europe | natural gas | energy 


All news from Bulgaria

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

publics.bg asks: What will you use to heat your homes this winter?









 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X