Банкеръ Weekly

Briefs

BULGARGAS HAS INVESTED ANOTHER BGN1MN IN ITS NETWORK

The state-run company Bulgargas has invested BGN1MN-plus in the construction of a new gas measuring station near Doupnitsa. The facility was opened on June 7 by an official ceremony, attended by Energy Minister Miroslav Sevlievsky. Gasstroymontazh is the contractor and the building supervision was entrusted to Chimcomplect Engineering. The station is equipped with state-of-the-art controlling devices for measuring the consumption, filtering elements, stopping reinforcement, and a system for distance delivering of information to the control centre in Ihtiman.The commissioning of the facility is in conformity with the contract signed in end-2004 between the management of the Russian company Gazexport and Bulgargas. The contract made possible to use the transit gas pipeline to Greece for gas deliveries to industrial and household consumers in Southwest Bulgaria. The condition, set by the Russian side in order to open the tap, was to build gas measuring and gas regulating stations near the towns of Samokov, Kyustendil, Doupnitsa, Blagoevgrad, Simitli and Bansko, Sandanski and Petrich, from which the respective regions would be supplied with fuel. The Balkanpharma pharmaceutical plan in Doupnitsa will be among the first consumers of natural gas as of the beginning of next year. Other potential customers are the citizens of the town and of the Sapareva Banya resort settlement. The location of the new station has been chosen so that the future construction of a transit deviation to Serbia would begin from there. The deviation is still problematic although the 90-km-long section could be built within about a year. The future of the section is directly dependent on Gazprom and its contracts for export of Russian natural gas to Bulgaria's western neighbour. In March the Executive Director of Bulgargas Kiril Gegov said in front of the BANKER weekly that the deliveries to Serbia should start by 2007. The BGN1MN, invested in the station near Doupnitsa, is the second serious investment in the development of the national gas network, made by Bulgargas this year. The first lop-sided Е-70 probing of the gas deposit near Chiren was opened in the beginning of March. The company invested BGN5.4MN in it. The Pleven-based company Oil and Gas Prospecting and Extraction was the designer and executor.

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