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Bulgaria negotiates $ 1.5 billion worth of Turkmen gas and investment from South Korea

Bulgaria negotiates $ 1.5 billion worth of Turkmen gas and investment from South Korea

Sofia, August 12 - Neftegaz.RU.
Bulgaria discusses with Turkmenistan natural gas supplies for the Balkan gas hub at the 1st Caspian Economic Forum, it was also revealed that Bulgaria is also negotiating a major billion dollar investment in South Korea, Bulgarian Novinite reported.

Bulgaria and Turkmenistan negotiate supplies of Turkmen natural gas from the Central Asian Republic, which is the 4rth largest field in the world. Turkmen gas can reach Balkan gas hub via swap deals through 3rd-party infrastructure, the prime minister Boyko Borissov said.

Emil Karanikolov, Minister of Economy: We still have no contracts with South Korea, let's not guess. We are in a very early stage, the investment is as big as Volkswagen, but not for cars.

Today, during the forum, the Bulgarian Prime Minister will meet with Russian PM Dmitry Medvedev to discuss energy projects of mutual interest for both countries, and the Vice President of Iran.

Within the framework of the forum, the Bulgarian-Turkmen Intergovernmental Commission for Economic Cooperation held its 4rth meeting, with the 2 sides signing five documents on cooperation in the fields of transport, foreign affairs and electronic communications.

The PM also held a bilateral meeting with Turkmenistan President Gurbanguly Berdimuhamedov.

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