Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgartransgaz raises loan to expand gas pipeline from Greece to Romania

Photo: BTA

July 4, Bulgartransgaz, Bulgaria's gas transmission and gas storage operator, is raising a loan of 100 million euros for the Vertical Gas Corridor. Through the expanded pipeline, Bulgaria will be able to transport natural gas from the USA, Azerbaijan, Egypt and other countries to Central and Eastern Europe, announced the company's CEO Vladimir Malinov.

The repayment period is 5 years. The loan is secured by a state guarantee. In the Bulgarian part, the project envisages a 50% increase in capacity for the transmission of up to 3.6 billion cubic meters per year, as well as a reverse mode. With the second phase of the expansion, it is expected that the capacity to Romania will double - up to 10 billion cubic meters of gas per year.

In addition to Bulgaria, the Vertical Gas Corridor involves the gas transmission operators of Greece, Romania, Hungary, Slovakia, Ukraine and Moldova.



Photo: BTA
Edited by Ivo Ivanov
English publication: R. Petkova


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

Vitosha Mountain, near Sofia

Autumn rains in the Danube Plain, winds in Thrace

On Tuesday, minimum temperatures will range from 8 to 13°C , with Sofia seeing around 9°C. Rain is expected across the country, with heavier showers in north-eastern and central Bulgaria. Yellow alerts have been issued for twelve regions and orange alerts..

published on 11/10/25 7:05 PM

Road Infrastructure Agency proposes restrictions on the movement of heavy trucks on motorways during holidays

The Road Infrastructure Agency (RIA) has proposed the introduction of temporary restrictions on the movement of heavy trucks weighing over 12 tons along the country’s busiest motorways — Trakia, Hemus and Struma— during official holidays in 2026. The..

published on 11/10/25 6:05 PM

Sofia City Court postpones the extradition case of the owner of a ship linked to the explosion in Lebanon

The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in 2020, which claimed the lives of more than 200 people and injured thousands. The judges requested..

published on 11/10/25 5:33 PM