Bulgartransgaz and CEGH signed MoU for the development of the Balkan Gas Hub
With the signing of the Memorandum of Understanding for cooperation in the development of the Balkan gas hub, the Bulgarian gas transmission operator Bulgartransgaz EAD and the Austrian Central European Gas Hub (CEGH) undertook to cooperate and support the development of the gas distribution center on the territory of our country through exchange of know-how and good practices with regard to its construction, as well as information on EU legal and regulatory issues.
CEGH will support trade on the gas exchange in Bulgaria by providing assistance, services and information.
Bulgartransgaz will invest in the expansion of the national gas transmission network to make Bulgaria a major natural gas distribution center for European natural gas markets.
CEGH will share information about the successful operation of gas hubs and gas trading points linked to the main European gas distribution center in Baumgarten, Austria. In this way the Austrian partner will help the Bulgarian gas operator to assess how to develop and transform the Balkan gas hub into an important place for natural gas trade in the region.
Source: Ministry of Energy