Bulgaria Can Transit up to 10 B CBM of Natural Gas to Europe

Bulgaria Can Transit up to 10 B CBM of Natural Gas to Europe

The Southern Gas Corridor is a key component of Europe's energy security, said Bulgaria's Minister of Economy and Energy, Traycho Traykov, in Kazakhstan, speaking on the sideline of the Kazenergy 2011 energy forum.

Bulgaria is putting a lot of effort into the construction of natural gas transit links with its neighbors - Serbia, Greece, Turkey and Romania, and the facilities should be ready within two or three years. In so doing, Sofia will develop the so-called "Southern Gas Corridor" and, if everything goes well, by 2014 it should be able to transit five or ten billion cubic meters of natural gas from the Caspian region to Europe each year. This became clear from a statement of Bulgaria's economy minister Traycho Traykov, delivered on the sideline of Kazenergy 2011, the biggest Eurasian energy conference held in Kazakhstan's capital, Astana. In his words, by following the abovementioned strategy Bulgaria could become a key player in the transportation of natural gas from Asia to Europe. (Source: Standart Daily)

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