Bulgaria is considering plans for a gas pipeline that would bring liquefied natural gas to Europe by way of the Black Sea, making the country a trade partner of the EU. After commissioning a feasibility study for a 1.5 billion euro LNG hub at the port of Varna, Sofia hopes to make use of existing pipelines in Greece, Serbia, Romania and Turkey, as well as an underwater pipeline to Russia. The nation also plans to work out supply agreements with Cyprus. According to Bulgarian energy minister Temenuzhka Petkova, Cypriot gas could be carried by a pipeline Bulgaria and Greece are now building: “The liquefied natural gas from Cyprus is one option for supplying the hub at Varna.°
For its part, Cyprus - where in 2011 the US energy company Noble discovered a natural gas deposit of 4.5 tcf - would consider Bulgaria a key partner in delivering LNG to Europe, as Cypriot energy minister Georgios Lakkotrypis confirmed: °We intend to send natural gas to Bulgaria through connecting pipelines in Greece."