Bulgaria signed a contract to build a gas pipeline bypassing Ukraine

The state gas operator in Bulgaria has signed a contract worth 1.1 billion euros with a group from Saudi Arabia to build a gas pipeline through which Russian gas will be transported to Europe bypassing Ukraine.  This is reported by Economic Truth with reference to AP.

The contract between the state operator Bulgartransgaz and the Arkad consortium from Saudi Arabia provides for the laying of a 474-kilometer pipeline from Bulgaria’s southern border with Turkey to its western border with Serbia.

 It will supply gas to Serbia, Hungary and Austria as an offshoot of the Turkish Stream gas pipeline, which was designed to export Russian natural gas to Turkey and Europe, bypassing Ukraine.

Bulgaria is dependent on Russian gas.  Western countries have repeatedly called on the country to diversify its energy sources.  According to the agency, it was one of the European countries that suffered the greatest losses as a result of gas blackmail organized by Russia in 2006 and 2009.

Recall that Bulgaria and Greece began construction of a gas pipeline that will connect the gas transmission systems of the two countries and will reduce Sofia’s significant energy dependence on Moscow.  Bulgaria receives Russian gas through the territory of Ukraine.

Tags: gas, contracts, hydrocarbon production, legislation, EU, gas imports, energy market, gas production, RF, foreign affairs, gas exports

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