Bulgargaz to invest 153 mm leva in pipelines expansion
Jun 08, 2000 02:00 AM
Bulgaria's government allocated 153 mm leva for the state major Bulgargaz' 2000 investment program, the head of the
state Energy Agency Ivan Shilyashky said. Bulgargaz plans to build 109 km of transit pipelines by the end of
year.
Bulgaria's government plans to increase the natural gas transit from Russia to Turkey, Greece and Macedonia via
Bulgaria to 14 bn cm annually in 2002, up from the current 8 bn annually.
The 153 mm leva investment program will be financed from the state budget, transit fees and partially by Gazprom's $
47 mm credit to Bulgargaz, released last year, Shilyashki announced.
Source: Bridge News via Newspage
