Bulgaria’s Overgas to invest EUR 40 mln in new gas pipelines in 2020-2024

Energy Trade

Bulgarian gas supplier Overgas said on Monday that it is planning to invest over BGN 79 million (EUR 40.4 million) in the construction of some 398 kilometers of gas distribution pipelines over the period 2020-2024, Southeast Europe news wire SeeNews reports.

The new infrastructure will help the company double the number of its clients to 129,000, Overgas said in a statement.

The company’s business plan for the regulatory period 2020-2024 has been submitted for approval by Bulgaria’s energy regulator, the company noted.

Overgas will also seek an increase in state regulated gas prices in the review period. The company says it has invested more than EUR 340 million in gas infrastructure to date, SeeNews adds.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.