- Title: Bulgaria to get Russian gas supplies via TurkStream
- Date: 30th December 2019
- Summary: LOZENETZ, BULGARIA (FILE - AUGUST 3, 2018) (REUTERS) VARIOUS OF BULGARIAN PRIME MINISTER, BOYKO BORISSOV, TURKISH ENERGY MINISTER, FATIH DONMEZ, AND BULGARIAN AND TURKISH OFFICIALS CUTTING RIBBON TO OPEN PIPELINE SECTION
- Embargoed: 13th January 2020 16:36
- Keywords: Bulgaria buying Russian gas Russian oil and gas TurkStream pipeline gas supplies pipelines in eastern Europe
- Location: SOFIA AND LOZENETZ, BULGARIA
- City: SOFIA AND LOZENETZ, BULGARIA
- Country: Bulgaria
- Topics: Diplomacy/Foreign Policy,Government/Politics
- Reuters ID: LVA003BC641TL
- Aspect Ratio: 16:9
- Story Text: Bulgaria will start receiving natural gas from Russia's Gazprom via Turkey from January 1 and would no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said on Monday (December 30).
Petkova said the new route via the TurkStream pipeline would be more economically viable and could result in around a 5% decrease in natural gas prices on an annual basis.
The Balkan country meets almost all of its gas needs, about 3 billion cubic metres of gas per year, with Gazprom supplies.
Russia is building TurkStream in two pipelines, each with 15.75 bcm annual capacity, to bypass Ukraine to the south. The first pipeline is aimed at supplying Turkey and the second would run further from Bulgaria to Serbia and Hungary.
Russia and Ukraine announced the terms of a new gas transit deal earlier this month, under which Moscow will supply Europe for at least another five years via its former Soviet neighbour and pay a $2.9 billion settlement to Kiev to end a legal dispute.
(Production: Lewis Macdonald)
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