Financial and business news from Bulgaria

Thundering news: “Balkan Stream” is completed - the Bulgarian section is...

Construction of the Balkan Stream gas pipeline is de facto completed and the Bulgarian section of the pipeline is connected to the gas pipeline in Serbia. This was announced by an informed source involved in the construction of the pipeline, quoted by BGNES.
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“ Balkan Stream” is completed, connected to a gas pipeline in Serbia, there are no official events in connection with the completion of the pipeline due to the coronavirus pandemic, and the ceremony is likely to take place later,” the source said.

In October, Bulgarian Prime Minister Boyko Borissov announced that the construction of the Balkan Stream gas pipeline in the country was almost completed. He stressed that “with the implementation of the Balkan Stream project, Bulgaria will become a regional strategic distribution center and ensure diversification of gas supplies”.

Balkan Stream is actually a continuation of the Turkish Stream gas pipeline through the territory of Bulgaria. In official documents, it calls itself “the object of expansion of Bulgartransgaz's gas transmission infrastructure in parallel with the northern main gas pipeline to the Bulgarian-Serbian border”.

The name “Balkan Stream” for the pipeline was proposed by the Prime Minister. It was noted that the linear part of the pipeline must be completed by December.

"A Turkish stream that was launched on January 8, 2020 runs along the bottom of the Black Sea from Russia to the coast of Turkey. In addition, there is a land transit line to the border with neighbouring countries, from where gas is already exported to Greece, Bulgaria, RS Macedonia. Later, after the completion of the construction of the entire infrastructure, the gas reached Serbia and Hungary. The throughput of the 930 km gas pipeline is 31.5 billion cubic meters of gas per year.