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Azerbaijan supplies gas to Bulgaria 4 times cheaper than Russia

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

Azerbaijan supplies gas to Bulgaria 4 times cheaper than Russia

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 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 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.

Source : Neftegaz.RU


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