The Republic of Bulgaria and the State of Israel signed a Memorandum of Understanding and Cooperation in the field of #energy
The Republic of Bulgaria and the State of Israel signed a Memorandum of Understanding and Cooperation in the field of #energy. The two countries will jointly explore the possibilities for supply of natural gas from offshore gas fields from Israel to Bulgaria, pursuing strategy for #diversification of supply sources and routes.
The #interconnector Greece-Bulgaria is being developed in great synergy with other major energy projects such as the #LNG terminal at Alexandroupolis, Greece and the #EastMed pipeline. It will provide a direct link to resources from the Eastern Mediterranean, including large gas fields around Israel, to the markets in Southeastern and Central Europe. Enhancing the regional natural gas systems connectivity, #IGB will substantially facilitate the diversification of sources and routes for energy supply and security in line with EU strategy.
Gas Interconnector Greece-Bulgaria is co-financed by the European Union's
European Energy Programme for Recovery programme.
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