Vertical Gas Corridor will stop Russian gas in Europe

The contracts for the construction of the Vertical Gas Corridor were signed in the Council of Ministers of Bulgaria.

The Vertical Gas Corridor is an excellent example of regional cooperation. We congratulate you on taking this important step for regional security, said Deputy US Ambassador Andrea Brouillette-Rodriguez.

Today in the Council of Ministers, in the presence of Acting Prime Minister Dimitar Glavchev and Minister of Energy Vladimir Malinov, two contracts were signed, with which the implementation of the Vertical Gas Corridor concept is initiated, BGNES reported.

The importance of the Vertical Gas Corridor for Bulgaria is exceptional, we agreed on guarantees for 2025. Bulgaria is the main driver of the Vertical Gas Corridor initiative. This project allows for diversification, and diversification is the opposite of dependence. On the part of the Bulgarian government, you can be convinced of the full support of the project, Prime Minister Glavchev said.

The vertical gas corridor will not only be a strategic project for us, but will guarantee the energy security of a wider region, Europe, Minister Malinov added.

According to him, the cooperation between Bulgarian and American companies will lead to the realization of the project on time.

The financial resource in the amount of BGN 485 million will provide an opportunity to increase the capacity to import gas from Greece to Bulgaria. This gas will come from the US and other partners. The implementation of the Vertical Gas Corridor will become a key turning point for stopping the transit of Russian gas through Ukraine, then our route will become the main one for the transfer of gas from reliable partners, Vladimir Malinov also said.

The ambassador of Ukraine Olesya liashchuk thanked Bulgaria in the Council of Ministers for the sustained support.

BGNES reminds that the Vertical Corridor is a strategic initiative of the gas transmission operators of Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova, aimed at improving security and diversifying the sources and routes for transferring additional quantities of natural gas from the south to the north.

With the signing of the documents today, the design and construction of part of the necessary gas transmission infrastructure - a loop from Kulata to Kresna and from Rupcha to Vetrino, which will ensure an increase in the capacity for natural gas transmission from Greece to Bulgaria and from Bulgaria to Romania - begins. | BGNES