Bulgaria, Romania, Ukraine ink gas deals

21/07/2016 09:41 Natural Gas

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Gas network operators in Bulgaria, Romania and Ukraine inked gas interconnection deals to further link gas markets in the region, as announced by the European Commission (EC) late on Tuesday.

The EC declared that these accords are an important step towards opening the Trans-Balkan pipeline system between Greece and Ukraine to carry gas and trade in accordance with EU rules. The commission saluted the two new deal between Romania-Ukraine and Bulgaria- Romania which will be operational from Oct. 1, 2016. The countries plan stable gas supply from Ukraine to Bulgaria through Romania's territory. Bulgaria and Greece inked an interconnection agreement in June permitting market actors to transport gas – counting from liquefied natural gas sources – between the two countries for the first time, beginning from July 1, 2016. According to the EC, the deal was also the first phase in giving access to other market players – for north or southbound supplies – along and beyond the major Trans-Balkan gas corridor between Greece, Turkey, Macedonia and Ukraine.

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