November 2019, Vol. 246, No. 11

Projects

Bulgaria Signs up Saudi-Led Group for TurkStream Extension

Bulgaria’s state gas company signed a $1.2 billion (1.1 billion euro) contract with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.  The Balkan country is rushing to build the 295-mile (474-km) pipeline linking its southern border with Turkey to its western border with Serbia to secure a link to the Russian-backed TurkStream pipeline to Serbia, Hungary and Austria. Russia, which is building the TurkStream to bypass Ukraine to the south, said in July that its second leg, with an annual capacity of 15.75 Bcm will pass via Bulgaria to central Europe. “This is the so-called Balkan Stream,” Bulgarian Prime Minister Bo

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