Bulgarian Minister hopes to start Nabucco with Bulgaria-Turkey pipe in 1 Year

The start of the EU-sponsored gas transit pipeline Nabucco should be given with the construction of of a gas network connection between Bulgaria and Turkey within one year, according to Bulgarian Economy Minister Traikov.

Traikov, who spoke Monday on the occasion of his first year in office, declared that the gas pipeline between Bulgaria and Turkey will be funded by the EU with EUR 200 M provided under the EU plan for economic recovery.

He set as a goal for himself to give the start of the construction of new pipe before the end of his second year in office, and explicitly pointed out that the new pipeline will be built in accordance with the requirements for Nabucco so that it can become the first completed and operational section of the future large-scale pipeline project Nabucco which is supposed to bring Middle Eastern and Caspian natural gas to the EU by going around Russia.

Traikov also announced that the parameters of the connection between the gas transport networks of Bulgaria and Greece were currently being renegotiated because the project drafted by the previous government did not protect Bulgaria’s best interest.

He pointed out that the future Bulgaria-Greece pipeline will probably be owned by a joint Bulgarian-Greek company.

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