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07.09.2017 15:10
Bulgaria, Greece, Serbia to Cooperate for Regional Gas Market Liberalisation
“We are convinced that Greece and Serbia will play a vital part in the construction of the European gas hub Balkan”, Bulgarian energy minister said following a meeting with Greek, Serbian counterparts
AUTHOR: Lyudmila Zlateva

  • © Bulgarian Ministry of Energy

Bulgaria, Greece and Serbia will be cooperating on gas projects that would increase security of supply in the region. Bulgarian energy minister Temenuzhka Petkova and her Greek and Serbian counterparts Giorgos Stathakis and Aleksandar Antic met on Thursday in Alexandroupoli, Greece, during an oil and gas forum, to discuss gas sources diversification for the region, the Bulgarian energy ministry said in a statement.

Minister Petkova said that talks are underway with the European Commission so that additional financing for the Greece – Bulgaria gas interconnector (IGB) could be made available. At European Union level, the IGB Project has already obtained consistent political and financial backing. The project is subject of EU financial support through the European Energy Program for Recovery (EEPR) to the amount EUR 45 million.

The three ministers also discussed the planned Vertical Gas Corridor, the Alexandroupoli LNG terminal and the Bulgaria – Serbia gas interconnector, along with another planned mega project – Bulgaria’s Balkan gas hub, with minister Petkova calling it a “European project”.

“We are convinced that Greece and Serbia will play a vital part in the construction of the European gas hub Balkan”, Petkova said.

The Balkan gas hub has been announced by Bulgarian PM Boiko Borissov a few years ago, with more agitation around it recent months, leading up to its presentation to U.S. congressmen by Borisov himself in end-August. Use of South Stream gas pipeline infrastructure and a direct link to its subsituting project - the Turk Stream, have all been launched as ideas for the Balkan gas hub realisation. The project has been reported to have the blessing of the European Commission for Russian gas to flow towards it.

TAGS: Bulgaria | Balkan gas hub | Serbia | Greece | IGB | gas interconnector | energy 

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