"Gazprom Export" did not Like Transit Fees of "Turkish Stream" through Bulgaria

Russian company "Gazprom Export" is ready to buy 90% of Turkish Stream capacity through Bulgaria, it became clear after 19th of December meeting of Bulgaria's Energy and Water Regulatory Commission (EWRC), at which the state-run gas transmission operator Bulgartransgaz asked for approval of the project. A representative of the Russian company arrived in Bulgaria to participate in the public discussion of the parameters of the transit of gas from Turkey through Bulgaria, reports BNT. 

Bulgaria's Energy Minister Temenuzhka Petkova has said the gas pipeline will be built only if the state-run operator secures the necessary funds by pre-sale of volumes from the transit gas pipeline. She explained that the project was coordinated with Brussels.

Bulgartransgaz has asked the energy regulator to increase the capacity for the transfer of blue fuel through Bulgaria because of the future flow of "Turkish Stream" that will pass through our country, and the company has explained that there is already a growing interest in the pipeline from gas traders.

Vladimir Malinov, Director of Bulgartransgaz: There was a serious market interest in additional capacity at the outlets of our gas transmission network with the borders of the neighbouring countries. At this point, we believe that we are at the stage where the final binding phase is to be conducted within this procedure and the methodology for setting prices for future capacity allocation.

Even before the start of the construction of the Bulgarian stretch of Turkish Stream, Gazprom Extropt is ready to buy 90% of the capacity of the pipeline. This means that Bulgartransgaz will be guaranteed supplies from Russia, but the possibility for other sources will be limited.

The Minister of...