Participation of BULGARTRANSGAZ in the Alexandroupolis LNG project - GASTRADE

8 JANUARY 2020

The Council of Ministers of the Bulgarian Government approved the participation of BULGARTRANSGAZ EAD by a percentage of 20% in the share capital of GASTRADE S.A. The terms of the agreement were signed on 8th of January by the Founding Shareholder and Chairman of the Board of Directors of GASTRADE, Ms. Elmina Copelouzou and the Executive Director of BULGARTRANSGAZ, Mr. Vladimir Malinov, in the presence of the Minister of Energy of the Republic of Bulgaria, Ms. Temenuzhka Petkova.

GASTRADE is developing the LNG Terminal in Northern Greece off the shore of Alexandroupolis.

The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system. The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m. The FSRU will be moored 10 km offshore the city of Alexandroupolis and will be connected to the National Natural Gas Transmission System via a 28 km pipeline (24 km subsea pipeline and 4 km onshore pipeline).

Russia begins TurkStream gas flows to Greece - REUTERS

JANUARY 5, 2020 / 1:48 PM

SOFIA (Reuters) - Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce shipments via Ukraine.

Russia is building TurkStream and doubling the capacity of NordStream across the Baltic Sea to Germany as part of plans to bypass Ukraine in its gas deliveries to Europe.

“Russian gas deliveries not only for us but also for Greece and North Macedonia are being carried through the new entry point (at our Turkish border),” Bulgartransgaz CEO Vladimir Malinov told Bulgarian national radio BNR.

Russian gas producer Gazprom started shipping about 3 billion cubic meters (bcm) of gas to Bulgaria via TurkStream on January 1, replacing a route that formerly passed through Ukraine and Romania.