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Qatar Considers Building LNG Terminal in Bulgaria

Date: 23.03.2010

The government of Qatar is considering Bulgaria as a destination where it can invest in a new liquefied natural gas terminal.

This has been announced by Qatar’s Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani after his meeting with Bulgarian PM Boyko Borisov, as cited by The Gulf Times.

“This is under study and I don’t think anything would happen before one or two years in this respect. A new terminal involves feasibility studies, huge investment and users for the gas. At this moment, we are studying all the options and Bulgaria is on our list,” Sheikh Hamad bin Jassim bin Jabor al-Thani has declared.

The Gulf Times reports that Qatar plans to raise its annual LNG production capacity 43% to 77 million tons in 2010, with the startup of three new plants.

On Monday, Bulgaria and Qatar signed an energy cooperation memorandum. Over the last couple of years Bulgarian authorities have floated the idea of hosting a terminal for liquefied natural gas, and have initiated negotiations with countries such as Azerbaijan and Egypt regarding this idea.

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