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Bulgaria has reserved alternative deliveries to Russian gas for next 10 years

Photo: library

The Bulgarian government has decided to reserve deliveries of natural gas that Bulgargaz would buy through the LNG terminal in Alexandroupolis, Greece for the next ten years. Bulgartransgaz has become a shareholder in Gaztrade, which is building the new LNG terminal at Alexandroupolis.

Bulgaria's participation in the project is in pursuance of the policy of diversification of sources and routes for the supply of natural gas, in order to guarantee energy security and to achieve competitive prices for Bulgarian consumers, the decision states. More than 500 million cubic meters of gas will be purchased each year from Alexandroupolis, or about 1/6 of the country's annual consumption.

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