Bulgaria Expects Azeri Gas to Cover 30% of its Needs from 2020
Bulgaria plans to cover about 30 percent of its gas needs beyond 2020 with natural gas from Azerbaijan, reducing its almost total dependence on Russian gas, Energy Minister Temenuzhka Petkova said on Tuesday, reports Reuters.
The Balkan country has a contract with Azeri state company SOCAR to import 1 billion cubic metres (bcm) of gas a year from the Shah Deniz II field.
“The contract between Bulgargaz and SOCAR for the supply of 1 bcm from Shah Deniz II from 2020 is key for our energy priorities,” Petkova said at the opening of a meeting of a Bulgarian-Azeri economic commission in Sofia.
“These supplies will meet about 30 percent of Bulgarian consumption, which is a major share and will significantly increase the country’s energy security.”
At present, more than 95 percent of Bulgaria’s gas needs are met by supplies from Russia’s Gazprom. Russian gas now flows from Ukraine through Romania to Bulgaria.
The proposed Azeri gas imports are expected to come through the IGB gas interconnector pipeline between Bulgaria and Greece, which is expected to become operational at the end of 2020.
- » CEZ in Bulgaria Gets Permit for EUR 1.5 Million for Transmission Line Project
- » Bulgaria's NPP Kozloduy Reconnects Nuclear Reactor after Capacity Tests
- » The Readiness of the Kozloduy NPP Unit V for Increased Power Output Will Be Tested
- » Submarine Power Cable Promotes Montenegro as Energy Hub for Balkans
- » The Electricity Price for Business Increased with 203%
- » KEVR Approved Electricity Prices for Customers of EVN Bulgaria from 1 July 2019