Bulgaria and Greece close to memorandum of understanding for gas storage

Bulgaria and Greece are close to signing a Memorandum of Understanding under which Sofia will maintain strategic reserves of gas on behalf of Athens at underground gas storage in Chiren, where the Greek State Gas Company has saved near 400 MWh. This is in initiative of deepening the cooperation between the two countries on efforts to ensure sufficient amount of energy for upcoming winter season.

Currently Greece has no other gas storage sites other than Revitusa which is why it needs to maintain strategic reserve in another EU country. Greece recently has signed a Memorandum of Understanding with Italy, where Greek importing companies have started storing gas and a Memorandum of Understanding with Bulgaria is also expected to be signed upcoming week.

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