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PM: Burgas-Alexandroupolis Pipeline to Turn Greece into Balkan Energy Hub

Date: 04.09.2009

Greece hopes that Bulgaria won't terminate the Burgas-Alexandroupolis project

Greek Prime Minister Costas Karamanlis has expressed confidence that the development of Burgas-Alexandroupolis oil pipeline project will continue in what he has described as the attempts of his country to turn into an energy hub on the Balkans.

According to Costas Karamanlis that was the eventual goal of the construction of both South Stream gas pipeline and those between Greece and Bulgaria, which is planned to be extended into Romania and Hungary.

After it took office in July 2009, Bulgaria's new government of the GERB party made it clear it was going to reconsider the country's participation in the three large-scale energy projects - South Stream gas pipeline, Burgas-Alexandroupolis oil pipeline, and Belene Nuclear Power Plant.

The planned Russian-sponsored oil pipeline is supposed to transport Russian and Caspian oil from Bulgaria's Burgas to Greece's Alexandroupolis.

Three Bulgarian Black Sea municipalities - Burgas, Pomorie, and Sozopol - have voted against the pipe in local referendums over environmental concerns.

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