Bulgaria will spend $1.59 billion (1.4 billion euros) to build a new gas link to Turkey to transport Russian gas from the TurkStream pipeline to Europe, bypassing Ukraine to the south.
Bulgarian lawmakers gave the green light to the state gas company Bulgartransgaz to launch tenders to build the new 300-mile (484-km) gas link from its border with Turkey to Serbia by 2020 that will carry mainly Russian natural gas that will carry mainly Russian natural gas, according to Reuters.
TurkStream is part of the Kremlin’s plans to bypass Ukraine, currently the main transit route for Russian gas to Europe and strengthen its position in the European market.
Its two lines will each have an annual capacity of 15.75 Bcm. Russian energy giant Gazprom has completed the first line of pipeline to Turkey for local gas consumption.
Gazprom said it was considering booking capacity, which would effectively ensure that the gas Russia plans to send to Europe through its Black Sea pipeline will pass through its land.