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Bulgaria seals new Greece pipe link

Bulgarian Energy Holding (BEH) signed an agreement with Greek natural gas monopoly DEPA and Italy's Edison today to build a gas link to Greece to ease Bulgaria's dependence on Russian gas.

The link will allow Bulgaria, the country worst hit by a cut in Russian gas supplies in January, to import 1 billion cubic metres of Azeri gas per year from 2012 through the ITGI pipeline due to carry Caspian gas via Turkey and Greece to Italy, BEH said wrote Reuters.

State-owned BEH, which runs all big Bulgarian state energy companies, also signed a deal with Greece's gas grid operator DESFA to use the capacity of the Greek LNG terminal near Athens and import 1 Bcm of gas per year.

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