Bulgaria's 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
Baku, October 29 - Neftegaz.RU. The price of Azerbaijani
natural gas supplied to
Bulgaria is 4 times lower than the cost of Russian, Chairman of the Commission for Energy and Water Regulation of Bulgaria Ivan Ivanov said,
Trend reports citing Naviny.
Ivanov said that Bulgaria imports from
Azerbaijan only 350 million m
3 of gas out of the agreed 1 billion m
3 per year.
The head of Bulgargaz Nikolay Pavlov noted that all
the price advantages of Azerbaijani gas and gas from other suppliers are in favor of consumers.
Now Azerbaijani gas is supplied to Bulgaria through the existing line with a capacity of 3.68 billion m
3 per year at the Kula-Sidirokastro border point with Greece.
The basis of economic
cooperation between the countries is energy.
Azerbaijani gas supplies via the 878 km
TAP gas pipeline to consumers in Italy, Greece and Bulgaria began on December 31, 2020.
The gas pipeline is designed to transport 10 billion m
3 of natural gas per year from the
Shah Deniz field through Greece and Albania to Western Europe.
