Bulgaria guarantees another 1.5 billion cubic meters of gas per year through Turkey (Overview)
There is an option for an amount of 4.5 billion to Europe
Bulgaria guarantees delivery of another 1.5 billion cubic meters of gas per year. This apartment is possible with the agreement concluded yesterday between “Bulgargaz” and the Turkish company “Botash” to reserve the slots at the liquefied gas terminals and transfer it to our border.
The document was signed in Sofia by the executive directors of the two companies, Denitsa Zlateva and Burhan Yozcan, in the interest of the Minister of Energy, Rosen Hristov, and his Turkish counterpart, Fatih Dönmez.
The Bulgarian Gas Company gets access to the terminals and the gas transmission network of “Botash” for 13 years.
Later, the Turkish energy minister and the heads of the state gas company of the southern neighbor were received by acting prime minister Galab Donev and Rumen Radev.
The president stated that three weeks after his meeting with his Turkish counterpart Recep Tayyip Erdogan, an agreement had already been signed and for the first time a foreign company was given access to the terminals in Turkey and to the transmission network. This opened up new, currently unthinkable prospects for cooperation.
The liquefied gas that “Bulgargaz” will buy will be able to be delivered to Strandzha – Malkochlar. From this point, before Turkish Stream is built, Russian gas enters Istanbul.
Bulgaria’s inlet capacity is 4 billion cubic meters per year. Experts say that with the commercial interest from “Botash” it can increase to 6 billion, deducting 1.5 billion. cubic meters for the Bulgarian market, there remains an opportunity to transport another 4.5 billion cubic meters.
So one of the options for cooperation with the possibilities of Turkey and Bulgaria for trade and transportation of gas. Through our territory, he can go to Romania, Moldova and Ukraine, as well as to Serbia, Bosnia and Hungary. There is free capacity in the “Balkan Stream” for transporting gas in the western direction, as well as in the future gas connection with Serbia.