Bulgaria chooses Saudi led venture for gas pipeline

Bulgaria’s state gas network operator Bulgartransgaz on Wednesday chose a Saudi-led consortium to build a new pipeline through the country intended to hook up to Gazprom’s TurkStream project.

The consortium between Saudi Arabia’s Arkad Engineering and a joint venture including Switzerland’s ABB “had offered the most economically advantageous tender” for the 474 km (294-mile) pipeline to run from Bulgaria’s southeastern border with Turkey to its western border with Serbia, Bulgartransgaz said in a statement.

The group offered to complete the pipeline within 20 months for €1.1 billion ($1.2 billion), which Bulgartransgaz said was the lowest bid in the public tender.

The other bidder — a consortium of Italy’s Bonatti, Germany’s Max Streicher and Luxembourg-based Completions Development — offered a price more than the €1.4 billion the government was ready to spend on the project.
Macedonia via Bulgaria in 2020.