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Bulgartransgaz to study feasibility of Balkan gas hub

Bulgartransgaz has signed a BGN 2.3 million contract with AF-EMG Consult to study the feasibility of creating a gas hub at the Black Sea port of Varna.
By Staff reporter 16 March 2018 Europe & Russia / Companies & Finance 0 30030

Bulgarian state gas company Bulgartransgaz has signed a BGN 2.3 million ($1.5 million) contract with AF-EMG Consult to study the feasibility of creating a gas hub at the Black Sea port of Varna, the Bulgarian energy ministry said on Thursday.

The study will assess the commercial and technical viability of the project and will be completed by early July.

The EU approved €920,000 ($1.1 million) in financing for the feasibility study last year.