HomeArticlesBulgaria's State Gas Firm Seeks Loans for Pipeline Construction

Bulgaria's State Gas Firm Seeks Loans for Pipeline Construction

6/5/2020

SOFIA, June 5 (Reuters) - Bulgaria's state gas firm Bulgartransgaz is seeking up to 400 million euros ($453 million) to finance an extension of the TurkStream gas pipeline and other gas projects in the Balkan country, it said on Friday. Pipe for the TurkStream and Balkan Stream projects at Bulgaria's Port of Burgas in January 2020. Bulgartransgaz has to make advance payments to Saudi-led group Arkad, which it has contracted to build the 474 km pipeline extension dubbed Balkan Stream for 1.1 billion euros, and to a Bulgarian-led group that will install two compressor stations for the gas link. It said funds were also needed to finance the building of a gas link with neighboring Serbia,

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