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Bulgaria, EU start work on creation of Balkan gas hub

Staff writer |
Bulgaria and the European Commission have agreed to establish a joint working group to support the development of a gas hub in Bulgaria designed to serve the whole Balkan region.

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Gas infrastructure in southeast Europe is poorly integrated, but with a number of projects on the drawing board - including the now approved Greece-Bulgaria gas interconnector (IGB) - it is hoped that the region can be home to an efficient gas hub.

The Bulgaria-EU working group, unveiled by Bulgaria's deputy Prime Minister Tomislav Donchev and Klaus-Dieter Borchardt, director of the EC's Internal Energy Market Directorate, will begin by assessing the legal, regulatory and financial requirements for creating the Balkan gas hub.

It will focus on creating a "stable regulatory framework and business environment to facilitate the connection between Bulgaria and the rest of southeast Europe," the Bulgarian cabinet said in a statement.

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