Gas Pipelines To Turkey To Be Built Through Bulgaria

Bulgartransgaz changed the consortium, which will build “Turkish Stream” through Bulgaria. The reason – the previous favourite did not submit the required documents in time, and the second one, in the meantime, gave a more favourable offer. 

The gas operator received a letter from the second-ranked candidate – the German-Italian Consortium “Gas Development and Expansion in Bulgaria”, registered in Luxembourg.

Vladimir Malinov – Executive Director of Bulgartransgaz: And they offer us a discount of 31.15% of their proposed price for the implementation of the project in the long term, namely 615 days.

They also offer a discount on the cost of project funding.

The suggested price of the consortium “Gas Development and Expansion – Bulgaria” with the discount is slightly over 1 billion 102 million EUR excluding VAT.

Other terms of the contract, including terms, remain unchanged.

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