The contract between the state-owned Bulgartransgaz and a consortium led by Arcad Engineering from Saudi Arabia is laying a 474-kilometer pipeline from Bulgaria’s southern border with Turkey to its western border with Serbia.
The pipeline will supply gas to Serbia, Hungary, and Austria. This will be an offshoot from the Turk Stream gas pipeline, which is designed to deliver Russian natural gas to Turkey and Europe, bypassing Ukraine.
The deal could not be completed until the court removed the obstacles to signing the contract.
Bulgaria is dependent on Russian gas. Partners in the West have repeatedly called on the country to diversify its energy sources.
This year, Sofia and Athens also began the construction of a gas pipeline to deliver gas to Bulgaria. This country also hopes to import liquefied natural gas (LNG) from a facility under construction in the Greek port of Alexandroupolis.
Ukraine and Slovakia are reliable gas transiters and will make an effort for consistent gas supply to Europe. This was stated by President of Ukraine Volodymyr Zelensky at a joint briefing with President of the Slovak Republic Zuzana Čaputová.
The President of Ukraine added that he relied upon Slovakia's presidency of the OSCE.
"We have big expectations for the Slovak OSCE presidency, for further steps in order to make significant progress on this important issue for our country. A full and sustained ceasefire, the final deployment of forces in the Luhansk region, which must be verified properly by the OSCE. All of this will be the first steps towards peace. We expect that Slovakia will continue to raise the issue of the full withdrawal of the occupying troops from Ukraine and the return of our temporarily occupied territories to the Ukrainian control in the OSCE”, Zelensky stated.