1. 1 NATIONAL PROJECTS OF REGIONAL IMPORTANCE MINISTRY OF ECONOMY AND ENERGY OF REPUBLIC OF BULGARIA SECOND CONFERENCE ORGANIZED BY NEWSPAPER “CAPITAL” 27 February 2008, Sofia, Sheraton

2. 2 SIGNIFICANT REGIONAL PROJECTS UNDER IMPLEMENTATION & PLANNED VALUED OVER EUR 8 Bln TOTAL

3. 3 ELECTRICITY INTERCONNECTION PROJECTS Bor Vidin

4. 4 NATURAL GAS CONSUMPTION & INCREASING DEPENDENCY Source: EUROGAS Additional quantities, that should be supplied Negotiated import outside Europe Potential import from Norway Local production (ЕС 27) EU 27 dependency from import of natural gas until 2030г. Forecast for the EU 27 natural gas consumption until 2030

5. 5 33,530 NABUCO – THE MISSING CONNECTION BETWEEN THE REGIONS WITH CONSIDERABLE RESERVES AND EUROPE 83,140 Caspian Region Middle East and Egypt 47,820 4,580 3,010 1,410 Source: BP Statistical Review 6/2006 (in bcm)

6. 6 NABUCCO PROJECT Pipeline diameter: 56” (1422 mm) Distance: 3 300 km Investment: 5 billion € Maximum transport capacity: 31 bcm/y Total recoverable gas amount in related deposits: 83 140 bcm

7. 7 “SOUTH STREAM” PROJECT POSSIBLE ROUTES OF THE BRANCHES & TECHNICAL DATA Transport capacity: 31 bcm/y Under discussion - 2 branches “SOUTH” and “NORTH” Offshore part RU-BG – 900 km Max. deep: 2000 m Singed MoU Eni-Gazprom 23.06.2007 Signed agreements: Bulgaria-Russia 18.01.2008 and Serbia-Russia 25.01.2008 AU IT HU SR GR BG RU NORTH SOUTH

8. 8 1) GAS PIPLINE BG GRID – TURKEY – GREECE INTERCONNECTOR 2) REGIONAL LNG TERMINAL 3) TRANS-ADRIATIC GAS PIPELINE 4) DUPNITZA – NIS GAS PIPELINE 5) RUSE – GIURGU GAS INTERCONNECTION Giurgu Ruse Haskovo Dupnitsa Nis 5 1 2 LNG 3 4

9. 9 OIL TRANSPORT INFRASTRUCTURE Oil pipeline Bourgas- Alexandroupolis Length of the pipeline- 290 km, BG territory - 155 km; Pipe diameter – 900 mm (36”); Capacity: 0.75 M barrels/day (35 M tons/y); 2 pump stations; Trilateral agreement Bulgaria-Greece- Russia signed and ratified; IPC establishment - February 2008; Expected: Start of the construction by the end of 2008. Oil pipeline Bourgas– Vlore (along the European Corridor No. 8 route) Length of the pipeline – 900 km; on Bulgarian territory – 480 km; Pipe diameter – 900 mm (36“); Capacity: 0.75M barrels/day (35 M tons/y); 4 pump stations; Convention Albania-Bulgaria-Macedonia signed and ratified.

10. 10 THANK YOU FOR YOUR ATTENTION!