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 m3
of gas out of the agreed 1 billion m3
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 m3
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 m3
of natural gas per year from the Shah Deniz
field through Greece and Albania to Western Europe.