Bulgaria Sees Gas Transit up 13.3 percent in 2007

Bulgaria's Bulgargaz said it expects to transport 17.1 billion cubic meters (bcm) of Russian natural gas to Turkey, Greece and the Former Yugoslav Republic of Macedonia this year, up 13.3 percent from 2006, a company official said yesterday.
Kathimerini, Financial Wires
Τετ, 21 Νοεμβρίου 2007 - 03:02

Bulgaria's Bulgargaz said it expects to transport 17.1 billion cubic meters (bcm) of Russian natural gas to Turkey, Greece and the Former Yugoslav Republic of Macedonia this year, up 13.3 percent from 2006, a company official said yesterday.

Angel Semerdzhiev, executive director of Bulgargas's transit unit, Bulgartransgaz, Bulgaria, told an economic forum the transit of gas from Russian giant Gazprom to the Balkan countries would rise further to 17.5 bcm in 2008.

Semerdzhiev said the company was working to expand and upgrade its network of 945 kilometers of transit pipelines to secure steady supplies. Bulgaria renewed its gas contract with Gazprom last year, under which the Russian firm agreed to guarantee transits of 17.8 bcm a year plus an option for another 5 bcm depending on the growth of gas consumption in the region.

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