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Bulgaria eyes additional gas supplies from Azerbaijan

Bulgargaz has a 25-year agreement with Azerbaijan's Socar for the supply of 1 Bcm/year of gas from Azerbaijan - enough to meet around 1/3 of Bulgaria's gas demand

Bulgaria eyes additional gas supplies from Azerbaijan

Sofia, March 4 - Neftegaz.RU. Energy Minister Alexander Nikolov stated that Bulgaria intends to negotiate with Azerbaijan for additional natural gas supplies in the event that Russian supplies are cut off, Trend has reported, quoting the Bulgarian media.

The minister emphasized that if Russian supplies are disrupted, there are viable alternatives, including the Southern Gas Corridor.
Azerbaijan and Bulgaria agreed to supply 1 billion m3 of gas per year through the Greece-Bulgaria Interconnector beginning in 2021.

However, because the IGB is still under construction, Azerbaijani gas is delivered to Bulgaria via the Kulata-Sidirokastro interconnection point.
Currently, the country receives only one-third of this volume.

The IGB Project (Gas Interconnector Greece-Bulgaria) is being carried out by the joint venture company ICGB AD, which was established in Bulgaria in 2011 and is owned by Bulgarian Energy Holding EAD and IGI Poseidon.

The IGB gas pipeline will connect to the Greek national gas transmission system in Komotini and the Bulgarian national gas transmission system in Stara Zagora.
The pipeline's planned length is 182 km, with a capacity of up to 3 billion m3 per year in the direction from Greece to Bulgaria.
The pipeline is designed to increase its capacity up to 5 bcm/y depending on market interest and the capacities of neighboring gas transmission systems.

A cooperation memorandum has been signed between ICGB AD and TAP AG regarding joint actions in relation to the future connection of the IGB pipeline and the Trans-Adriatic Pipeline.

The IGB project is critical in terms of increasing supply security and diversifying gas supplies for Bulgaria and the SEE region.

Source : Neftegaz.RU


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