Bulgaria, Romania, Hungary and Greece intend to promote at EU level an interconnection project to connect the national natural gas networks called the Aegean Baltic Corridor, for which they would require funding from the European Commission.
“We are especially concerned about the diversification of gas supply, thus raising the energy security level in the region. In this context, Romania, Bulgaria, Greece and possibly Hungary will form within the high level group a sub-group responsible for the construction of the Vertical Corridor (Aegean Baltic Corridor project) to ensure inter-connection of natural gas in these countries,” reads a statement issued by Andrei Gerea, Minister for Energy, for Small and Medium sized Enterprises and for Business environment.
Gerea took part on Monday, in Sofia, to a meeting concerning regional inter-connection in the natural gas field, along with Maros Šef?ovi?, Vice-President of the European Commission, Miguel Arias Canete, Commissioner for Energy and Climate Changes and with delegates from central and Eastern European countries.
The Aegean Baltic Corridor project would interconnect the natural gas transportation systems of Greece, Romania, Bulgaria, Poland, Slovakia and Hungary, in order to increase the security of gas supply in Central and Eastern Europe.
On the initiative of Bulgarian Energy Minister, the representatives of Bulgaria, Romania, Hungary and Greece have analyzed the opportunities and availability of the four Member States to establish a working sub-group to promote the Vertical Corridor (Aegean Baltic Corridor project), with the declared intention to be addressed regionally and be proposed for the European Commission’s funding.
With the exception of Hungary, which has agreed in principle to joining the Sub-Group, following that the final decision will be communicated later, the heads of delegations agreed to the setting up of this body, a first meeting to further tackle the issue being scheduled to take place in Sofia by mid-March.