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Bulgartransgaz completes deal for participation in Greek LNG terminal project

Energy Trade

Gastrade, the Greek company developing the floating liquefied natural gas (LNG) terminal off the city of Alexandroupolis, announced last week that the deal for the participation of Bulgarian gas transmission system operator Bulgartransgaz with 20% in its share capital was completed.

The participation of state-owned Bulgartransgaz in Gastrade is a solid proof of the regional profile of the project and it constitutes a catalyst for the integration of Southeast European gas markets, securing energy liquidity and pluralism throughout the region, Gastrade said in a statement.

Earlier this month, Bulgaria's competition authority granted approval to Bulgartransgaz to exercise joint control of Gastrade together with Greece's DEPA Commercial, GasLog Cyprus Investments and private individual Asimina-Eleni Kopelouzou. Under the terms of the transaction, Bulgartransgaz was acquiring the 20% stake from Asimina-Eleni Kopelouzou, owner of 60% interest in Gastrade

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