Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Bulgaria signs up for Azeri gas pipeline

BulgariaPosted by Chambers of Commerce Sweden - Southeast Europe Fri, July 17, 2009 00:06:32

Greek, Bulgarian and Italian companies signed an agreement on Tuesday to build a 160km pipeline that would end Bulgaria’s reliance on Russia for its natural gas. The €120m ($167m, £103m) link, to be completed in 2012, would give Bulgaria access to the ITGI pipeline carrying gas from Azerbaijan to Turkey and Greece and which is to be extended to Italy. It would provide an alternative source of gas for Bulgaria, the European Union member state hardest hit by the hiatus in ­supply as the result of a dispute between Russia and Ukraina in January.
The plan presents a challenge to Nabucco, the proposed pipeline from Turkey to Austria (see below), which will be competing for the same Azeri gas.
(Financial Times). Read more here.

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