НОВИНИ

EC approves €16 million to support expansion of natural gas storage facility in Chiren

approves euro16 million support expansion natural gas storage facility chiren
Снимка:
bnt avatar logo
от БНТ
18:20, 08.08.2023
EN

The European Commission has approved, under EU State aid rules, a €16 million Bulgarian measure to support the expansion of Bulgartranstaz's natural gas storage facility in Chiren, EC said on August 8.

Bulgartranstaz decided to invest approximately €285 million to expand the capacity of its natural gas storage plant in Chiren, which is the only natural gas storage facility in Bulgaria. The storage capacity of the facility is expected to increase from 550 million to 1 billion cubic meters. Moreover, the capacities for withdrawal and injection of natural gas in the grid will also be increased.

Bulgaria notified to the Commission its plans to support Bulgartransgaz's investment with a nine-year €16 million public guarantee on the loan to finance the measure. The aim is to ensure security of gas supply, enhance competition in the gas market, also thanks to a greater integration of the plant in the network, and encourage gas trade in the region.

The Chiren storage expansion is a project of common interest (‘PCI') included in the Fifth list of PCIs. PCIs aim at completing the European internal energy market in order to help the EU achieve its energy and climate policy objectives.

The Commission assessed the scheme under Article 107(3)(c) TFEU, which allows EU countries to support the development of certain economic activities under certain conditions, and the Guidelines on State aid for climate, environmental protection and energy (‘CEEAG'). The Commission found that the Bulgarian scheme is necessary and appropriate to facilitate Bulgartransgaz's investment in its natural gas storage facility. Furthermore, the Commission concluded that the scheme is proportionate, as the aid will be limited to the minimum necessary to ensure the investment in the plant, and will not have undue negative effects on competition and trade in the EU. On this basis, the Commission approved the Bulgarian scheme under EU State aid rules.

The non-confidential version of the decision will be made available under the number SA.106120 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.

Чуйте последните новини, където и да сте!
Последвайте ни във Facebook и Instagram
Следете и канала на БНТ в YouTube
Вече може да ни гледате и в TikTok
Намерете ни в Google News

Свали приложението BNТ News
google play badge
Свали приложението BNТ News
app store badge

More from EN

Weather alert: Heavy rain and snow during the night and tomorrow
Weather alert: Heavy rain and snow during the night and tomorrow
19:54, 20.12.2024
Чете се за: 04:05 мин.
Bulgarian authorities prevented smuggling of 90,000 cigarettes at Lesovo border crossing
Bulgarian authorities prevented smuggling of 90,000 cigarettes at Lesovo border crossing
19:09, 20.12.2024
Чете се за: 01:15 мин.
President Radev held a meeting with Hungarian Prime Minister Orban in Sofia
President Radev held a meeting with Hungarian Prime Minister Orban in Sofia
18:17, 20.12.2024
Чете се за: 09:22 мин.
The outbreak of sheep and goat pox in Kardzhali region has been eradicated
The outbreak of sheep and goat pox in Kardzhali region has been eradicated
17:15, 20.12.2024
Чете се за: 04:15 мин.
An avalanche in Pirin buried people, one died
An avalanche in Pirin buried people, one died
16:59, 20.12.2024
Чете се за: 01:00 мин.
Ski season in Vitosha mountain near Sofia opens on 26 December
Ski season in Vitosha mountain near Sofia opens on 26 December
16:41, 20.12.2024
Чете се за: 01:40 мин.
Traffic on the 'Danube Bridge' near Ruse temporarily restored
Traffic on the 'Danube Bridge' near Ruse temporarily restored
16:17, 20.12.2024
Чете се за: 01:52 мин.
Taxi drivers stage new protest against increase in the price of compulsory third party liability insurance
Taxi drivers stage new protest against increase in the price of compulsory third party liability insurance
15:45, 20.12.2024
Чете се за: 04:37 мин.
Kozloduy Nuclear Power Plant signed a contract with Westinghouse
Kozloduy Nuclear Power Plant signed a contract with Westinghouse
14:47, 20.12.2024
Чете се за: 02:00 мин.
MPs go on Christmas break from 22 December to 5 January
MPs go on Christmas break from 22 December to 5 January
14:39, 20.12.2024
Чете се за: 01:07 мин.
President Rumen Radev: Bulgaria and Hungary share the belief that the restoration of peace on the continent is crucial for Europe
President Rumen Radev: Bulgaria and Hungary share the belief that the restoration of peace on the continent is crucial for Europe
13:38, 20.12.2024
Чете се за: 02:50 мин.
Bulgaria celebrates Ignazhden - the feast day of Saint Ignatius of Antioch
Bulgaria celebrates Ignazhden - the feast day of Saint Ignatius of Antioch
12:31, 20.12.2024
Чете се за: 04:57 мин.
Топ 24
Най-четени
Девойките на България до 18 г. са на победа от финал на Европейската отборна купа по тенис
Девойките на България до 18 г. са на победа от финал на Европейската отборна купа по тенис
Втори национален протест срещу насилието на жени в няколко града
Втори национален протест срещу насилието на жени в няколко града