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News: Bulgaria>> BGN 1 billion for gas projects in Chiren and Galata

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Current date: 2010-02-09 10:40

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BGN 1 billion for gas projects in Chiren and Galata

Politics: Monday, 2009-11-02 10:00
Article by: StandartNews

Nearly BGN 1 billion will be spent to implement two major projects of Bulgaria’s gas storage facilities. Expanding the gas depot in Chiren and erecting one in Galata will be a key part of the 2010-2011 strategy of Bulgaria’s Ministry of Economy, Energy and Tourism, as pointed out in the ministry’s budget plans for 2010-2012.

About EUR 250 million will suffice, according to preliminary estimates, to increase Chiren’s "active gas" volume from 540 million cub.m. to 850 million. The future depot in Galata will be constructed in two stages, one consuming between EUR 90-180 million, and the other - around EUR 110-120 million, as envisaged in the budget.

The ministry is also planning to work on Bulgaria’s gas transfer links to Romania and Greece.

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