The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators across Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine, and Moldova.
In addition to the state-guaranteed loan, Investbank and Bulgartransgaz have concluded a separate long-term financing arrangement worth €25.5 million. Together, these agreements provide sufficient capital to upgrade regional gas transit infrastructure.
The Vertical Gas Corridor project aims to enhance northbound natural gas flows from Greece to Ukraine by improving cross-border transmission capacity. To further support its obligations under the initiative, Bulgartransgaz had also secured a separate €102 million loan from United Bulgarian Bank in the previous month. These combined measures ensure that Bulgartransgaz has the necessary funding to strengthen regional gas connectivity.
