Bulgaria, Greece Move Ahead with 130 Mln Euro Gas Link Project

Bulgaria, Greece Move Ahead with 130 Mln Euro Gas Link Project

Bulgaria, Greece Move Ahead with 130 Mln Euro Gas Link Project Bulgaria and Greece reached an agreement on all unresolved issues regarding the construction of a 130 million euro ($174 million) gas link between the two countries, the Bulgarian energy ministry said.

The Bulgarian Energy Holding (BEH) group and Greece's DEPA are mandated to continue talks on the implementation of the project, in line with the European Commission's terms and timeframe for the absorption of the co-funding for the project, the Bulgarian ministry said in a statement released after a meeting between Bulgarian Energy Minister Traycho Traykov and his Greek counterpart Tina Birbili in Thessaloniki on Wednesday. It did not elaborate further.

State-owned BEH and  IGI Poseidon, a 50/50 partnership between Greece's DEPA and Italy's Edison, hold equal stakes in the project company, set up in March to build, own and operate the gas intreconnection.



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