Bulgaria in Talks to Join Project for Floating LNG Terminal

Bulgaria has entered into talks to join a project of Greek state-owned company DEPA for the construction of a floating terminal for liquefied natural gas (LNG) near Kavala in northern Greece, Bulgarian media reported on Friday.

Romania has also shown interest in taking part in the floating LNG terminal project, public radio broadcaster BNR reported, quoting DEPA officials.

Bulgaria will have constant access to the LNG distribution network and may transport gas to neighboring Romania and Serbia.

The project includes the construction of a network of interconnectors which would receive gas mainly from the Trans Adriatic Pipeline (TAP), designed to transport gas from the Shah Deniz II field in Azerbaijan. It will also receive gas from an existing Greek terminal for liquefied gas, as well as from another floating terminal in Greece.

The project is in the process of negotiations which are expected to be finalized by the end of the year.

Source: SeeNews