Bulgaria will go ahead with plans to spend €1.4bn ($1.59bn) to build a new gas link to Turkey to transport Russian gas from the TurkStream pipeline to Europe, bypassing Ukraine to the south.Bulgarian lawmakers gave the green light to the state gas company Bulgartransgaz to launch tenders to build a new 484km gas link that will carry mainly Russian natural gas.TurkStream is part of the Kremlin’s plans to bypass Ukraine, currently the main transit route for Russian gas to Europe, and strengthen its position in the European market.Its two lines will each have an annual capacity of 15.75bn cubic metres.Russian …read more
Source: Gulf times
