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Bulgaria’s state gas operator signed a $1.2 billion construction contract with a Saudi-led group Wednesday to build a natural gas pipeline that would carry Russian natural gas from TurkStream pipeline into central Europe.

Bulgaria's state gas operator signed a $1.2 billion construction contract with a Saudi-led group Wednesday to build a natural gas pipeline that would carry Russian natural gas from TurkStream pipeline into central Europe.

Bulgaria’s state gas operator signed a $1.2 billion construction contract with a Saudi-led group Wednesday to build a natural gas pipeline that would carry Russian natural gas from TurkStream pipeline into central Europe. The 474 km pipeline will cross Bulgaria, linking up with pipelines in Serbia to take the Russian gas to Hungary and Austria. At present, Bulgaria and Hungary get much of their Russian gas from pipelines that cross Ukraine.

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