Policy & Regulation

Bulgaria planning to set up new gas trading hub

Bulgaria plans to set up a state-owned company by the end of the year to operate a gas trading hub in the Black Sea city of Varna
By Staff reporter 17 December 2018 0 33699

Bulgaria plans to set up a state-owned company by the end of the year to operate a gas trading hub in the Black Sea city of Varna, Reuters reported on Friday, citing Bulgarian Energy Minister Temenuzhka Petkova.

The Bulgarian government will sign a memorandum of cooperation with Austria's Central European Gas Hub – a trading platform for the Baumgarten hub – to provide liquidity for the new company, said Petkova.

The new company will be a unit of state-owned transmission system operator Bulgartransgaz,...