Stephen Payne, President of Linden Energy, said:
- I believe that Overgas is the perfect partner to expand from a leader in the Bulgarian gas market to a leader across the Balkan region
- In addition to our investment, Linden will take an active role in supporting Overgas' efforts to diversify the energy market in Bulgaria by adding other sources of natural gas, one possibility being U.S. LNG
At the signing, Payne said they would look into the possibility of building gas interconnections between Albania and North Macedonia and Albania and Kosovo.
Overgas said in a statement that a future representative of the new company was present at the signing.
This is Matthew Bryza, a former US ambassador to Azerbaijan.
The interest in Overgas that Linden is acquiring was once held by Gazprom, but was repurchased by Overgas in December 2020 as part of a settlement deal.