07 Jun 2024

Glavbolgarstroy begins work on the Vertical Gas Corridor

The "HILL INTERNATIONAL - GBS 1" and "HILL INTERNATIONAL - GBS 3" associations, in which Glavbolgarstroy companies partnered with the internationally recognized American companies HILL International, Honeywell, Emerson, and CRC Evans, were selected as contractors for two of the three lots of the vertical gas corridor. Contracts for the construction of the south-north route, which will provide alternative gas supplies to Ukraine and Central Europe, were signed at a ceremony in the Council of Ministers on June 6.

The companies will implement the project to expand the capacities in the gas connections with Greece (Kulata – Sidirokastro) and with Romania (Kardam – Negru Voda) - a strategic pipeline network that aims to supply gas from the Southern Gas Corridor to Ukraine, Hungary, and Slovakia. This connectivity is of key importance for fulfilling the goals of diversification and improving the security of supply. The implementation of the projects will provide a technical possibility for the gas transmission network of Bulgartransgaz to carry out the transfer of increasing amounts of natural gas from various reliable sources in the direction from south to north.

With the signing of the contracts, the design and construction of part of the necessary gas transmission infrastructure - a loop from Kulata to Kresna and from Rupcha to Vetrino, which will ensure an increase in the capacity for natural gas transmission in the direction from Greece to Bulgaria and from Bulgaria to Romania - begins.

"Aware of the important geopolitical position of the project that we signed today, we have assembled a unique team of international American companies that are leaders in their respective fields," said the Chairman of the Management Board of Glavbolgarstroy Holding, Kalin Peshov, during the event.

During the ceremony, Acting Prime Minister Dimitar Glavchev pointed out that the facility is of great importance for Bulgaria and that is why the guarantees for the implementation of the project have already been agreed upon. "The initiative of the gas transmission operators of Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine, and Moldova will guarantee energy security through diversified supplies in the long term. Be sure that everything will be done to make this project technically secure," said Prime Minister Glavchev.

The ceremony of signing the strategic partnership was also attended by the US Deputy Ambassador Andrea Brouillette-Rodriguez, the Ambassadors of Hungary - Miklos Boros, of Ukraine - Olesya Ilashchuk, of Moldova - Anatol Chebuk, and of Greece - Alexios Liberopoulos, as well as the Deputy Ambassador of Slovakia, Daniel Orszag.

"I am very proud that several American companies are represented in the consortia led by Bulgaria. I wish everyone the best of luck and speed in completing this important project," said US Deputy Ambassador Andrea Brouillette-Rodriguez.