One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister Zhecho Stankov said in an interview with Bulgarian National Television. Minister Stankov explained that this will allow larger quantities of natural gas to be pumped at a lower cost during the spring and summer seasons.
A permit of use has already been issued for the compressors. The expansion will increase Chiren's current capacity of 550 million cubic metres by 20%. The Minister pointed out that this would guarantee the country's energy security.
Regarding the investigation by the European Public Prosecutor's Office (EPPO) into the expansion of the gas storage facility, all the information requested had been provided to dispel any doubts, Zhecho Stankov added.
He added that Bulgaria would be the first country to start actual construction of the Vertical Gas Corridor - an infrastructure project linking Greece, Bulgaria and Romania. The first phase covers a 48-kilometre stretch from the Greek border at Kulata to Kresna in south-western Bulgaria, allowing capacity to be increased from 2.3 to 3.6 billion cubic metres.
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador office in Italy, accredited for Bulgaria. The event will take place on March 13, 2025 at the..
The USA is among Bulgaria's leading foreign trade partners, the US market is among the main export destinations for Bulgarian high-tech products . This was announced by the Minister of Economy and Industry, Petar Dilov, at the opening of the Explore..
A Bulgarian-Greek Business Forum with the participation of nearly 60 companies from both countries has opened today in Sofia . The forum is organized by the Bulgarian-Greek Chamber of Commerce and Industry and the Bulgarian Chamber of Commerce and..
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single..
+359 2 9336 661