Balkan Gas Hub to be Connected to the East Ring
Wednesday, 09 November 2016
"Bulgartransgas" and "Eustream" agreed to work to improve security of gas supplies in Central and Southeastern Europe and the realization of infrastructure projects - gas hub "Balkan" and the pipeline "East Ring'' in a memorandum signed yesterday yesterday in the presence of Minister of Energy Temenuzhka Petkova.
The Memorandum of Understanding between the Bulgarian and Slovak gas transmission operators "Bulgartransgas" and "eustream" will develop a concept for the development of a gas distribution hub in Bulgaria in accordance to the idea of a Balkan gas hub.
The two sides will analyze in detail and will consider technical options for the coordinated implementation of the two projects.
The agreement confirms the connection between the projects. The pipeline "East Ring" will serve as a priority route for western interconnection of regional markets and gas hub "Balkan". In order to ensure security of supply of natural gas in Central and Southeastern Europe, the Memorandum provides support for the inclusion of other stakeholders in the development of both projects.