Monday, Prime Minister Boyko Borisov and his Greek counterpart Antonis Samaras were at a joint press conference, where the PM has announced that the construction of the Bulgaria-Greece gas link would probably begin in March 2013.

Bulgaria and Greece had agreed over the gas grid interconnection in 2009 in the month of April, when both these countries signed the project's Memorandum of Understanding. The project has been estimated to be worth some EUR 149.5 M.

It is being said that the project, which is now a part of the European Energy Program for Recovery, is to use a EUR 45 M grant from the European Commission. And the pipe to be developed is almost 168.5 km in length.

The project would be carried out by the coalition of BEH or Bulgarian Energy Holding and Greek IGI Poseidon. Later, the facility would be looked after by the association only.

As per the findings, the gas pipe would carry Azeri gas starting from Stara Zagora and ending up at Komotini. Also, it would require a volume of 3 billion cubic meters of gas a year along with a provision to bring an augment in it to reach 5 billion cubic meters a year.