Bulgarian state-owned natural gas transmission system operator Bulgartransgaz said that it is planning to acquire assets currently owned by South Stream Bulgaria, a joint venture company established for the purpose of building South Stream gas pipeline, equally owned with Russian gas company Gazprom.
Bulgartransgaz plans to use the assets for the purposes of the project for the establishment of Balkan gas hub in Varna, on the Black Sea coast. The EU-funded project will deliver natural gas to Greece, Romania, Hungary, Croatia and via them to western EU member states, as well as to non-EU countries in the region. The value of assets of South Stream Bulgaria has been estimated to about 6.7 million euros.
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