Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Gas project hub to develop regardless of circumstances

Photo: BGNES

The project for the “Balkan” gas hub is going to develop regardless of what happens to North Stream 2 or Turkish Stream, regardless of circumstances,  Klaus-Dieter Borchardt, Director of the Internal Energy Market of the Directorate General ‘Energy’’ of the European Commission has said today quoted by BTA. The EC expert jointly with Bulgarian Deputy Prime Minister Domislav Donchev and Minister of Energy Temenuzhka Petkova visited the Provadia compressor station near Varna. Borchardt has said that the Russian side should better join the hub for the sake of greater liquidity. He has pointed out the hub could begin operations without Russian gas, but that at a later stage this could hurt its competitiveness. This comment came in the context of a recent Russia statement that no Russian gas pipeline was planned to go through Bulgaria, and an explanation provided by Bulgarian PM Boyko Borissov that in case Europe wanted Russian gas at the “Balkan” hub it had to make the respective declaration about it. At a conference yesterday with potential investors in the project Borissov demanded a trilateral format for meetings of potential partners with the participation of the European Commission. Today while talking to the press Klaus-Dieter Borchardt has confirmed that the EC is ready to join trilateral talks between Bulgaria and other interested countries. By 9 November the EC expects a pre-project planning proposal and after that financing could be provided, the EC expert has specified. The gas transiting system in Bulgaria is absolutely reliable and will be a guarantor for the execution of the project, Energy Minister Temenuzhka Petkova has said. In connection with the Russia-Turkey agreement on Turkish Stream, Deputy PM Tomislav Donchev has said it has nothing in common with the “Balkan” gas hub project. The projects are neither competitors , nor the hub is an extension or an alternative to South Stream, Donchev has said quoted by BTA.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Summer temperatures on Thursday

Thursday will be mostly sunny. Here will be light easterly wind. The highest temperatures will be between 26° and 31°C; in Sofia – around 27°C. It will be mostly sunny in the mountains , with some cumulus clouds in the..

published on 9/25/24 6:50 PM

President Rumen Radev calls for peace in Ukraine and Gaza

"Our world is facing a number of complex problems, from the unprecedented challenge to global peace and security to the escalating climate crisis and ongoing inequalities", President Rumen Radev said in his address to the UN General Assembly,..

published on 9/25/24 6:18 PM

Central Election Commission draws the parties' and coalitions' numbers on the ballots for the October 27 elections

The Central Election Commission held a draw to determine the order in which the parties and coalitions will appear on the ballot for the early parliamentary elections on October 27. GERB-SDS will participate in the elections under № 18, the Alliance..

published on 9/25/24 5:24 PM