The United States is considering new funding options to support infrastructure projects that would expand the Vertical Gas Corridor and strengthen gas transmission systems across southeastern Europe. The goal is to increase the flow of US liquefied natural gas (LNG) to Ukraine and boost regional energy security. The initiative is gaining momentum ahead of a […]
The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators
Greece: Fifth auction for Route 1 gas capacity fails to attract bidders Read More »
The latest auction for the special capacity product known as Route 1, designed for transporting natural gas from Greece to Ukraine through the Vertical Corridor, once again drew no participants. This was the fifth attempt, following similar results in earlier rounds. Analysts note that the lack of interest is linked to temporary circumstances rather than
Bulgaria approves state-guaranteed loans to expand gas transmission network Read More »
The Bulgarian government will provide state guarantees for loans totaling €127.3 million to support Bulgartransgaz’ investment in the Vertical Gas Corridor. The cabinet approved draft agreements with Investbank and United Bulgarian Bank to finance the expansion of the country’s natural gas transmission system. The loans, set to be disbursed by 15 December, will partially fund
Vladimir Malinov, CEO of Bulgarian natural gas transmission operator Bulgartransgaz, announced that the Bulgarian segment of the Vertical Gas Corridor will be completed by October 1, 2026. Speaking at an energy conference in Thessaloniki, Malinov said the project has progressed from concept to construction through the coordinated efforts of nine operators from seven countries: Greece,
ICGB, the operator of the Greece-Bulgaria gas interconnector (IGB pipeline), will launch two new cross-border capacity routes to improve regional energy security and expand direct transmission access from northern Greece to Ukraine. The new pathways, Route 2 and Route 3, were developed in cooperation with the transmission system operators of Greece, Bulgaria, Romania, Moldova and
United Bulgarian Bank has been selected to provide a five-year credit facility for Bulgartransgaz, Bulgaria’s gas transmission system operator, to modernize its network as part of the Vertical Gas Corridor project. The loan will support efforts to enhance energy connectivity between Greece and Central Europe. Despite Bulgartransgaz requesting €102 million, bids from major lenders—including Bank
Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project Read More »
A second shipment of pipeline segments for Bulgaria’s section of the Vertical Gas Corridor has arrived at the port of Burgas, marking significant progress in the strategic energy project aimed at enhancing regional energy security and establishing Bulgaria as a key gas hub in Southeastern Europe. The delivery included 2,526 pipes from India, which will
Bulgaria advances Vertical Gas Corridor as regional energy hub Read More »
Bulgarian Energy Minister Zhecho Stankov announced that another shipment of pipes is expected to arrive at the port of Burgas in the coming weeks, marking continued progress on the Vertical Gas Corridor project. He emphasized Bulgaria’s growing role as a key player in ensuring regional energy stability through the development of critical infrastructure. Minister Stankov
On 29 May, a formal inspection of the Vertical Gas Corridor infrastructure was held near the village of Mikrevo in southwestern Bulgaria. The event brought together key representatives from the Bulgarian Government, the gas transmission system operator Bulgartransgaz, construction company Glavbolgarstroy, as well as senior officials from Greece and Hungary, including the Greek Minister of
