Bulgaria in talks to import Egyptian natural gas reducing dependence on Russian energy linking existing Turkey-Greece-Italy pipeline
Sameh Fahmy the Egyptian oil minister held talks today (Thursday) in Bulgaria about selling up to 1 billion cubic meters of natural gas a year to the EU country, which is trying to cut its dependence on Russian energy imports. Egypt's Oil Minister said deliveries could begin in 2011-2012, starting at half a billion cubic meters per year.Dimitrov said Egyptian gas could come to Bulgaria through the existing Turkey-Greece-Italy pipeline if Turkey and Egypt were to link their gas networks. Such a link, he said, would be 'crucial to guarantee Egyptian supplies for the Nabucco gas pipeline project. The Nabucco pipeline was built to ease Europe's reliance on Russian energy. The EU gets about one-third of its oil and about 40 percent of its natural gas from Russia.
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