Balkan Stream enters its final phase

Implementation of the project will turn Bulgaria into a regional strategic gas distribution centre and will guarantee diversification of natural gas supplies

With the implementation of Balkan Stream, Bulgaria turns into a regional strategic gas distribution centre and guarantees diversification of natural gas supplies. The project is entering its final phase. This was posted by Prime Minister Boyko Borissov on Facebook. Before that, he inspected the construction site of Balkan Stream from air, via a government helicopter.

He was accompanied by the Saudi Arabia's Deputy Energy Minister Aabed Abdullah al-Saadoun. On board with them were representatives of the project contractor Arkad, which is building the pipeline, Bulgartransgaz CEO Vladimir Malinov, as well as the Minister of Energy Temenuzhka Petkova.

Prime Minister Boyko Borissov announced in their presence that there are over 1,400 pieces of heavy construction machinery along the 480 km route. Most of the pipes are underground, and the field workers are over 2000. To make it clear, the Prime Minister had even taken out a map of the route from where the pipe passes.

He explained that they had left the farmers to do the harvesting. "Welds are finished everywhere, along the entire route. You can see what a huge facility it is, where we will be able to transport Azeri gas, liquefied gas, Russian gas, etc.," the Prime Minister added.

Borissov reminded that we have 20% of the liquefied gas terminal in Alexandroupolis, and we will have a gas storage facility in Chiren. The Prime Minister explained to the diplomats that Bulgaria is a very beautiful country and has a great potential. He praised the new highways and railways. Along the route of the gas pipeline, wheat was planted everywhere, he explained, specifying that after the construction is finished, the field will be used again.

Balkan Stream is an impressive project, commented the Saudi Arabia's Deputy Energy Minister Aabed Abdullah al-Saadoun adding: "This is a very important step for the cooperation between Bulgaria and Saudi Arabia." He explained that they would continue to support the Saudi company Arkad, which is building the project, in order for it to be completed on time. "It is a great honour for us to be in Bulgaria and to celebrate the 90th National holiday of Saudi Arabia in your country," the representative of the Kingdom of Saudi Arabia told Borissov.

"Thank you very much for your words, now we can dispel a lie that a Russian company stays behind Arkad," Borissov replied.

Similar articles

  • Bulgarian investor builds smart plant near Plovdiv

    Bulgarian investor builds smart plant near Plovdiv

    The construction of BGN 40 million production plant for aluminium profiles, the largest on the Balkans, has started in Trakia Economic Zone. Minister of Economy Lachezar Borisov presented a Class A investment certificate to Zdravko Linkin, chairman of the board of directors of Interlink Group AD. This happened on 31 March at the turning of the first sod of a high-tech plant for aluminium profiles in Maritsa Industrial Zone, which is part of Trakia Economic Zone.

    258
  • Fitch raises Bulgaria's credit rating

    Fitch raises Bulgaria's credit rating

    The global credit rating agency Fitch Ratings raised from stable to positive the outlook over Bulgaria's Long-Term Foreign-Currency and Local-Currency credit rating. The country's BBB rating was affirmed. This was announced by the Ministry of Finance's press centre.

    274
  • Bulgaria's macroeconomic indicators are very good

    Bulgaria's macroeconomic indicators are very good

    Budget deficit is 3% and unemployment rate is 5%, says Economy Minister Lachezar Borisov

    Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria's Transition: Innovation - Green Agenda - Digital Transformation. Bulgaria's public debt is among the lowest, the budget deficit for 2020 is 3%, and the unemployment rate in the country is 5% according to data by the National Statistical Institute and 7% according to data by the Employment Agency, he added.

    353