Innovation and Networks Executive Agency

6.25.4-0015-BG-S-M-16

Feasibility Study on the Balkan Gas Hub
Programme: 
CEF Energy
Call year:
Location of the Action:
Implementation schedule: 
January 2017 to December 2018
Maximum EU contribution: 
€630,467
Beneficiaries: 

Bulgartransgaz EAD (Bulgaria)
http://www.bulgartransgaz.bg

Status:
Energy corridor:
Energy sector:
Project(s) of Common Interest:
Executive summary: 

Executive Summary available here.

Additional information: 

European Commission, DG ENER
http://ec.europa.eu/energy/en/topics/infrastructure

Agency for the Cooperation of Energy Regulators (ACER)
http://www.acer.europa.eu/

European Network of Transmission System Operators for Gas (ENTSOG)
http://www.entsog.eu/

Last modified: 
March 2021

6.25.4-0015-BG-S-M-16

The Action contributed to the implementation of the Project of Common interest (PCI) 6.25.4, which aims at the construction of a gas distribution center on the territory of Bulgaria. The concept is based on bringing significant gas quantities from various sources to enter the region of Varna for further transportation and trade through a gas hub. The Balkan Gas Hub includes additional infrastructure to bring new gas to Central/Western, South-Eastern and Eastern Europe enhancing the security of supply by providing access to additional large-scale, high capacity supply streams.

The objective of the feasibility study was to assess the project’s commercial and technical viability, define the business model, assess project risks, finalise the regulatory design and financing structure. The results allowed Bulgartransgaz EAD to decide upon a detailed schedule for the upcoming development phases and develop a detailed financing structure.

The results of the study allowed Bulgartransgaz EAD to define the final project parameters and the basis for subsequent engineering works for the best identified route. The study provided information on length, diameter, pressure and necessary above ground equipment. The outcome of the Action determined the further development of the Balkan Gas Hub project.