Sofia forum discusses potential of East European market for LNG

Photo: BTA Prime Minister Boyko Borissov

A two-day forum on the business potential of the East European markets for liquefied natural gas (LNG) opened in Sofia on Monday. The forum is co-organised by the Washington-based Institute for Energy Research and the Centre for Balkan and Black Sea Studies.

The first sod for the gas interconnector with Greece will be turned around May 20, Prime Minister Boyko Borissov told the press as he emerged from a meeting with the president of the Institute of Energy Research, Top Pyle, and Deputy PM Tomislav Donchev, held on the sidelines of the LNG forum.

The Balkan gas hub, the national gas network which is currently being expanded, and the gas transit via Bulgaria all comply with the Third Energy Package, Borissov said. He said it was the purpose of the forum to find sources of cheaper gas than the one Bulgaria uses now.

The true diversification will come from the competition in gas prices, said also the prime minister, adding that Bulgaria is building infrastructure to make sure it will be in a position to purchase gas from whoever offers a better price.

Bulgaria's plan is to commission by the end of 2020 the interconnector that will lead to the southern gas corridor.

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