Bulgaria to buy 20 pct stake in Greek LNG terminal
Bulgaria will buy a 20 percent stake in a liquefied natural gas (LNG) terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected to be the main suppliers of LNG for the facility.
"The diversification is not just words," Prime Minister Boyko Borissov told reporters at the opening of the first session of the US-Bulgaria strategic dialogue.
He said Bulgaria's stake in the gas terminal would be the same as that of Greece's state energy company DEPA.
Under the deal, state-owned gas company Bulgartransgaz will buy 20 percent of Gastrade, part of Greek energy company Copelouzos, which is developing a floating LNG facility off the Greek city of Alexandroupolis.
The LNG terminal, which will have an estimated annual capacity of about 6.1...