Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Gas project hub to develop regardless of circumstances

Photo: BGNES

The project for the “Balkan” gas hub is going to develop regardless of what happens to North Stream 2 or Turkish Stream, regardless of circumstances,  Klaus-Dieter Borchardt, Director of the Internal Energy Market of the Directorate General ‘Energy’’ of the European Commission has said today quoted by BTA. The EC expert jointly with Bulgarian Deputy Prime Minister Domislav Donchev and Minister of Energy Temenuzhka Petkova visited the Provadia compressor station near Varna. Borchardt has said that the Russian side should better join the hub for the sake of greater liquidity. He has pointed out the hub could begin operations without Russian gas, but that at a later stage this could hurt its competitiveness. This comment came in the context of a recent Russia statement that no Russian gas pipeline was planned to go through Bulgaria, and an explanation provided by Bulgarian PM Boyko Borissov that in case Europe wanted Russian gas at the “Balkan” hub it had to make the respective declaration about it. At a conference yesterday with potential investors in the project Borissov demanded a trilateral format for meetings of potential partners with the participation of the European Commission. Today while talking to the press Klaus-Dieter Borchardt has confirmed that the EC is ready to join trilateral talks between Bulgaria and other interested countries. By 9 November the EC expects a pre-project planning proposal and after that financing could be provided, the EC expert has specified. The gas transiting system in Bulgaria is absolutely reliable and will be a guarantor for the execution of the project, Energy Minister Temenuzhka Petkova has said. In connection with the Russia-Turkey agreement on Turkish Stream, Deputy PM Tomislav Donchev has said it has nothing in common with the “Balkan” gas hub project. The projects are neither competitors , nor the hub is an extension or an alternative to South Stream, Donchev has said quoted by BTA.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Pavlin Kossev, chairman of the Varna branch of the BHRA.

Hospitality sector imports tourism workers from Asia to ease labour shortages

Staff shortages are worsening as more hotels and restaurants open in coastal resorts and staff demand better conditions and pay, according to Pavlin Kossev, chairman of the Varna branch of the Bulgarian Hotel and Restaurant Association. This is..

published on 3/13/25 8:05 AM

Warm and windy weather

On Thursday, after the expected overnight precipitation in the morning, the minimum temperatures will be 10 to 15°C. In Sofia it will be around 11°. Clouds will be more frequent during the day. In some places, especially in southwestern Bulgaria and in..

published on 3/12/25 7:05 PM

New draft law proposes markup cap on food products

A draft law has been prepared with the aim of regulating the relations along the entire chain from food producers to buyers. It proposes markup limits, to which both producers and traders would be entitled, announced Bulgaria’s Minister of..

published on 3/12/25 6:06 PM