Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Balkan Stream expected to pay off in 10 years

Photo: library

Bulgaria has some of the most competitive natural gas prices in Europe. They are significantly lower than the stock market ones and this has happened thanks to renegotiated terms with Gazprom and the contract with Azerbaijan, Energy Minister Temenuzhka Petkova has told BNT.

Consumers and businesses have already felt the positive effect, the minister added, dismissing criticism of "burying 1.5 billion euros" in the Balkan Stream project.

Minister Petkova expects revenues from the pipeline to be 4.5 billion euros, as the investment would pay off in the next 10 years. The infrastructure will be usable for the next 45 years.

Minister Petkova expects the connection with Greece at Komotini - Stara Zagora (IGB) to be built by the end of 2021.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

CITUB President Plamen Dimitrov

An employee in Bulgaria needs a minimum of 743.42 EUR for basic living

743.42 EUR is the living wage for a worker in Bulgaria. This is shown by CITUB data for the first quarter of the year. The minimum sum needed for a three-member family (two working people and a child up to 14 years of age) is EUR 1,337.54 For three..

published on 4/22/24 6:06 PM

Bulgarian delegation will not travel to Jerusalem for the Holy Fire

Due to the ongoing military actions in Israel, the Holy Synod of the Bulgarian Orthodox Church has decided that this year a representative of Bulgaria will not travel to Jerusalem for the transfer of the Holy Fire to Bulgaria. This was announced by..

published on 4/22/24 4:35 PM

Record growth of mortgage loans in Bulgaria

А гrowth of 24% is reported in the number of mortgage loans in Bulgaria for the first quarter of the year, said credit consultant Tihomir Toshev in an interview with BNR. According to him, this is a record increase after 5 consecutive quarters of..

published on 4/22/24 4:08 PM