Bulgaria, Turkey agree to speed gas link construction.

By bne IntelliNews March 21, 2012
Bulgarias deputy economy minister Delyan Dobrev, nominated economy and energy minister, and Turkeys energy minister Taner Yldz signed declaration to speed the construction of a gas interconnector between the two countries, local news agency Focus informs. Still, no deadlines have been fixed in the document but it was agreed that a working group will deal with the issue and will also outline the pre-project activities in the following two months. The capacity of the pipeline is to reach 1 to 3bn cubic metres of natural gas annually and it may increase twofold. The length of the interconnector, which is to transport Caspian gas to Europe and secure cheaper supplies through a LNG terminal, is estimated at 77 kilometres. The investment value has not been disclosed. PM Borisov informed that the state-run National Electricity Company will build the Bulgarian segment of the facility.

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