Bulgaria to Present Balkan Gas Hub Options Next Week

Bulgaria to Present Balkan Gas Hub Options Next Week

Potential investors are to be made familiar with four options drafted by Bulgaria as it aims to launch a "gas hub" project, gas grid operator Bulgartransgaz has said.
All possible versions of the hub, which the government has dubbed Balkan, will be showcased on September 5-6 at a conference organized by the state-owned company, news website Mediapool quotes its head, Georgi Gegov, as saying.
Under Sofia's current plans, the project will be run by a company with the state as a majority shareholder. Other shares will be distributed among potential investors. The venture will only operate the infrastructure built for the hub's purposes.
As many as 35 companies, many of them dealing with gas trade and transit, have confirmed attendance, according to Gegov. Other participants include the European Investment Bank, the European Bank for Reconstruction and Development, and pension and investment funds.

Sofia News Agency

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