Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has completed its participation in the development of the liquefied natural gas (LNG) terminal in Alexandroupolis, Greece, following the approval granted by the Bulgarian Commission for Protection of Competition.
The participation of Bulgartransgaz in the project was applauded by the prime ministers of Greece, Kyriakos Mitsotakis, and Bulgaria, Boyko Borisov, during the ceremony of the signing of the relevant agreements in Athens August 2020.
The Alexandroupolis LNG terminal is an energy project with high importance for Greece, Bulgaria and the wider region, since it materially contributes to the diversification of energy sources and routes for the entire Southeast Europe, enhances energy security and competition in the region, and supports the creation of a regional natural gas hub.
The project is strategically located at the crossroads of the Southern and Vertical Gas Corridor and offers LNG access to the markets of Greece, Bulgaria, Serbia, Romania, Northern Macedonia and further to Moldova and Ukraine.
Furthermore, the terminal is fully complementary to the Greece-Bulgaria interconnector (IGB), supporting its viability whilst, at the same time, operating in harmony with the already existing and new strategic energy infrastructures in the region, such as the Bulgaria-Serbia interconnector (TAP) and the projects for the expansion of underground storage capacity in South East Europe.
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