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Brussels initiates trilateral meeting on gas hub near Varna

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At the initiative of Brussels in November a trilateral meeting between EC, Bulgaria and Russia is to discuss the realization of the Balkan gas hub near Varna, Deputy Prime Minister for Economic Affairs Tomislav Donchev has announced. It is expected that the meeting would focus on the legal scenarios that would make possible for the Russian gas supplies to reach the planned gas hub under the Black sea. According to the executive director of state company "Bulgartransgas," Georgi Gegov, a project company for the hub with options to include more foreign investors, will be created . He added that "Gazprom" is interested in the project, but expects legal guarantees from Brussels in connection with the implementation of the Third Energy Package. Russian President Vladimir Putin said he expected "concrete guarantees" in order to restart "South Stream" and it seems he would receive such guarantees at least when the sea route of the pipeline to Bulgaria is concerned.



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