Monday, August 16, 2021
The leaders of twelve EU member states in Central Europe pledged to develop transport and energy connections in the region. At a business forum running back-to-back with the political gathering, US-based Linden Energy acquired a 50% stake in Bulgarian natural gas trader Overgas, signalling plans to expand to other Balkan markets.
- Despite strong high-level backing from the United States and EU, 3SI will struggle to generate private investment.
- 3SI could develop into a framework for US-EU cooperation on the green transition.
- Despite a new Greek interconnector, Russian Gazprom will remain Bulgaria’s leading gas supplier, accounting for two-thirds of imports.