Borisov: Bulgaria is a factor with its gas transmission network
The Balkan Gas Hub will be supplied from three Black Sea locations
14 July, 2017
Premier Borisov reminded the forum’s participants of the Balkan Gas Hub’s importance for the diversification of natural gas trade and transmission.
Bulgaria is a real factor on the Balkans thanks to the capacity of its gas transmission network, observed Prime Minister Boyko Borisov at the 2nd World Petroleum Congress in Istanbul, which took place on 10 July. The Bulgarian premier attended the forum at the invitation of Turkish President Recep Erdogan.
Borisov underscored that over 16.7bn m3 of natural gas are transported to Turkey via Bulgaria at the moment. He said that Bulgaria has set an ambitious goal, adding that 80% of the compressor stations involved in gas transmission are on Bulgarian territory. The country is working actively towards the completion of the gas interconnectors with Turkey, Greece and Serbia, the premier assured and added that the one with Romania has already been finished.
“The construction of the Balkan Gas Hub is a significant element of our future plans,” commented Borisov. He believes it creates an opportunity for true diversification in the natural gas trade and transmission. Borisov reminded that gas explorations are being carried out in the Khan Asparuh and Silistar bocks in the Black Sea.
“Taking into account the Galata block, we have at least three Black Sea locations from which to supply the Balkan Gas Hub with natural gas,” commented the premier. The Balkan Gas Hub could also receive supplies from Romania, Russia and Azerbaijan. Bulgaria is also in the process of expanding its gas storage facilities, said Borisov. With representatives of the petroleum countries in attendance, he shared his disappointment with the failure of the Nabucco pipeline.
“Now the Southern Gas Corridor, which runs along TANAP, TAP and from there through Bulgaria and Serbia, is on the agenda and we will work really hard for its realisation,” the premier concluded.
Later, Borisov met with his Turkish counterpart Binali Yildirim. “Bulgaria and Turkey share the view that the development of a gas transmission infrastructure linking more countries on the Balkans and in Europe will ensure better energy security on the continent,” Borisov and Yildirim agreed. The two government officials noted that the good bilateral relations, both political and economic, in addition to the geographic location define the great importance of energy cooperation, especially when it comes to the transit of energy resources. According to Borisov, the completion of the intersystem gas connection between Bulgaria and Turkey will be a big step in that direction. Before Yildirim, Borisov reiterated Bulgaria’s support for the development of the Southern Gas Corridor. “Turkey is one of the countries with a key role in its construction. We clearly state our support and commitment to work actively towards the project’s realisation,” Borisov said.