Establishment of gas hubs promotes international natural gas trade development. Russia as an exporter with substantial volume of domestic consumption demonstrates potential for creation of own gas hubs to advance its interests on the global market. In case this does not happen in the near future, near-border countries will take the marketplace and undermine the position of the home producers. 2016 saw the start of discussions on establishment of the gas hub in Bulgaria, which was legally arranged in 2019 and mainly intended for Russian feedstock trading. Originally the Bulgarian hub was planned to be filled with the Russian gas from four pipelines of the South Stream, now this is implemented through one pipeline of the TurkStream. Greece is currently constructing and renovating its gas infrastructure, which capacity is much higher than the national demand. EU strongly supports these activities and invests into development of interconnectors and terminals in South Europe, while the USA provides maximum discounts for liquefied natural gas supplies. Russia is able to trade pipeline gas, gas chemical products and liquid natural gas in this region. Liquid natural gas market can be strongly facilitated by construction of medium-scale liquid natural gas plant at spare capacities of the Unified Gas Supply System in the Southern Federal District and cooperation with the Turkish state company BOTAŞ. Dynamic market environment has been affecting the volume of the Russian feedstock supplies so far. Further results will depend on the reaction time from the Russian party.
Keywords: BULGARIA, GREECE, GAS, LNG, TERMINAL, EXPORT, TRANSIT, GAS HUB.