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