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    Qatar, Bulgaria Sign Energy Cooperation Agreement

Summary

Bulgargaz and Qatargas have agreed to work together in the field of energy, the Bulgarian government said Sunday.

by: shardul

Posted in:

Asia/Oceania

Qatar, Bulgaria Sign Energy Cooperation Agreement

Bulgargaz and Qatargas have agreed to work together in the field of energy, the Bulgarian government said Sunday.

The two companies signed a letter of intent of cooperation in the presence of the two Prime Ministers and their delegations.   

Last year Sofia and Doha discussed the issue of supply of Qatari LNG to Bulgaria. The Eastern European country is also seeking Qatari investment in a major LNG terminal project in Greece that will diversify supply source to many Balkan countries in Europe.

Currently, Bulgaria relies almost entirely on supplies of Russian natural gas to meet its needs and is looking to diversify its gas sources and supply routes.