Text size

Bulgartransgaz raises loan to expand gas pipeline from Greece to Romania

published on 6/17/25 12:31 PM

Photo: BTA

July 4, Bulgartransgaz, Bulgaria's gas transmission and gas storage operator, is raising a loan of 100 million euros for the Vertical Gas Corridor. Through the expanded pipeline, Bulgaria will be able to transport natural gas from the USA, Azerbaijan, Egypt and other countries to Central and Eastern Europe, announced the company's CEO Vladimir Malinov.

The repayment period is 5 years. The loan is secured by a state guarantee. In the Bulgarian part, the project envisages a 50% increase in capacity for the transmission of up to 3.6 billion cubic meters per year, as well as a reverse mode. With the second phase of the expansion, it is expected that the capacity to Romania will double - up to 10 billion cubic meters of gas per year.

In addition to Bulgaria, the Vertical Gas Corridor involves the gas transmission operators of Greece, Romania, Hungary, Slovakia, Ukraine and Moldova.

Photo: BTA
Edited by Ivo Ivanov
English publication: R. Petkova

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Bulgaria's gas transmission and gas storage operator Bulgartransgaz

More from category

A warning for dangerous rainfall has been issued for 12 regions in Southern Bulgaria

On Friday, the lowest temperatures will be between 4°C and 9°C, reaching up to 12°C in the southeast, around 6°C in Sofia . During the next 24 hours, the weather will remain cloudy. It will rain in almost the entire country. During the day, rainfall..

published on 11/27/25 6:45 PM

Varna mayor Blagomir Kotsev released pending trial on €102,258 bond

The Varna District Court has released the city’s mayor, Blagomir Kotsev, on a financial bond of €102,258. Before the court’s decision was announced, supporters of the mayor and members of the We Continue the Change party gathered outside the..

published on 11/27/25 5:37 PM

Three detained and five police officers injured at last night's protest in Sofia

Three people, including an Italian citizen, were arrested during last night's protest against the adoption of the 2026 budget in front of the National Assembly, the director of the Sofia Directorate of Internal Affairs, Chief Commissioner Lyubomir..

published on 11/27/25 3:50 PM