Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

The Bulgarian and Greek ministers in charge of energy met in Thessaloniki Wednesday in order to coordinate the project for connecting the natural gas pipeline networks of the two countries.

The Bulgarian Minister of Economy, Energy, and Tourism Traycho Traykov together with his deputy in charge of energy Mariy Kosev met with Greece's Minister for the Environment, Energy and Climate Change Tina Birbili, the press service of the Economy Ministry announced.

The major goal of the Traykov-Birbili meeting is to coordinate the construction of the gas transit pipeline inter-connection between natural gas networks of Bulgaria and Greece.

In December 2009, the European Commission pledged funding for this project amounting to EUR 45 M (as well as another EUR 9 M for a similar project linking Bulgaria and Romania).

The importance of the gas pipeline connection with Greece was exposed in the winter of 2009 amidst the Russia-Ukraine gas conflict, which exposed Bulgaria's vulnerable situation as its only natural gas pipeline connection is to Russia from which it gets over 90% of its gas.

The Bulgarian Economy Ministry reminds that Greece is the third largest foreign investor in Bulgaria after Austria and the Netherlands with EUR 3.4 B of FDI in 1996-2009, or a total of 9% of all foreign investments in Bulgaria in the above-mentioned period.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.