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Slovak, Bulgarian Gas Transportation Companies Sign MoU on Eastring Gas Pipeline

© Sputnik / Sergey Kompanichenko / Go to the mediabankConstruction gas pipeline. (File)
Construction gas pipeline. (File) - Sputnik International
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Slovakia's Eustream and Bulgaria's Bulgartransgaz energy infrastructure companies on Friday signed a Memorandum of Understanding (MoU) on cooperation and implementation of the Balkan Gas Hub in coordination with Eastring pipeline, Eustream's press service said in a statement on Friday.

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PRAGUE (Sputnik) — According to the statement, the two companies agreed that the Eastring pipeline could connect energy hubs of southeastern and western parts of the European continent.

"Bulgaria and Slovakia will closely cooperate in developing two major gas infrastructure projects enhancing energy security in Central and South-eastern Europe. It is the result of Memorandum of Understanding on the development and realization of the Balkan Gas Hub project in coordination with the Eastring project signed today between Bulgarian and the Slovak gas transmission operators Bulgartransgaz EAD and Eustream," the statement said.

In 2014, Slovakia initiated the Eastring gas pipeline project, after Russia halted the implementation of its South Stream project, intended to traverse the Black Sea to deliver Russian natural gas through Bulgaria, Serbia, Hungary and Slovenia to Italy and Austria, in order to avoid exporting gas through Ukraine.

Eastring is set to connect Slovakia with the Balkan countries, as well as with the existing gas pipelines in Ukraine, the Czech Republic, Hungary, Romania and a gas distribution unit due to be built near the Bulgarian city of Varna.

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