Bulgaria and Greece to Build Pipeline for $258 Million

Bloomberg reported that Bulgaria and Greece are planning to complete construction of a pipeline that will cost $258 million and will connect the countries’ natural gas grids by 2015.

As quoted in the market news:

The 180-kilometer (112-mile) link will run from Komotini in Greece to Stara Zagora in Bulgaria and will be open to ship gas from the Caspian, the Mediterranean, or from a liquefied natural gas terminal in Turkey, Ruggeri said in an interview in the capital Sofia today. Its initial annual carrying capacity will be 3 billion to 5 billion cubic meters.

Click here to read the full Bloomberg report.