Bulgaria Business News - New gas-field discovered in Kavarna region

Bulgaria Business News - New gas-field discovered in Kavarna region

A new gas-field was discovered in Bulgaria by the British company "Melrose resources", the British newspaper "Scotsman" writes. The gas-field is located in the Kavarna region, for which the company has a permit.
"Melrose resources" supplies 15% of the natural gas in Bulgaria from the Galata field, which will become a depot. Recently, the company found another gas-field in the Kaliakra region.
The blue gas will be accepted in the Galata depot next summer and will be on the market next winter, when energy consumption increases, the paper writes. The initial estimations show that the field has 24 billion cubic meters of natural gas.
The favorable conditions create an opportunity for financial success of the Edinburgh based company, after the Galata field is depleted. Extraction from the Galata field will be reduced. 

by Stefan Nikolov   

BUSINESS NEWS

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