Bulgartransgaz has secured a 200 million leva loan to expand its gas network, facilitating the transit of gas from various sources to Europe.

Bulgartransgaz has contracted a loan of 200 million leva (about €100 million) for the development of the Vertical Gas Corridor, which will allow Bulgaria to transit natural gas from the US, Azerbaijan, Egypt and other sources to Central and Eastern Europe. The state-guaranteed loan will be repaid over five years and will support the expansion of gas transportation networks. The project also involves operators from Greece, Romania, Hungary, Hungary, Slovakia, Ukraine and Moldova and aims to strengthen regional energy security and offer competitive prices to consumers.