Arab Press

بالشعب و للشعب
Saturday, Feb 22, 2025

Bulgaria signs long-term agreement to use Turkish gas terminals

Through the deal, Bulgaria will have access to Turkey’s LNG terminals and transit network, to secure alternatives to Russian gas.

Bulgaria has signed a long-term deal with neighbour Turkey that will give it access to liquefied natural gas (LNG) terminals and the gas supply grid in the country as Sofia aims to replace energy supplies once provided by Russia.

Bulgaria’s state gas company Bulgargaz and the Turkish gas transmission company Botas on Tuesday signed a 13-year deal stipulating that the LNG that Bulgaria will buy on international markets will be unloaded and processed in Turkish terminals and then transferred via the Botas gas network to Bulgaria.

Bulgaria, a member of the European Union, has been almost fully dependent on Russian gas, but is seeking alternatives after Moscow cut off deliveries in April after Sofia refused to pay in Russian roubles in the wake of the invasion of Ukraine.

“With this agreement we are securing the opportunity to buy gas from all global producers and offload it in Turkey, which best suits Bulgaria logistically,” Bulgaria’s interim Energy Minister Rossen Hristov said.

His Turkish counterpart Fatih Donmez said the agreement would allow Bulgaria to transport about 1.5 billion cubic metres (bcm) of gas a year and would help increase the security of supplies in southeastern Europe.

Donmez said that Turkey’s network currently acquires natural gas from 15 countries in total.


Bulgaria seeks one bcm per year


Hristov has said that Bulgaria wants to book capacity of about one bcm of gas per year at Turkish LNG terminals and seal import deals with European and United States LNG producers.

Bookings for 2023 are predicted to be less, because Bulgargaz has already won tenders for slots at Greek LNG terminal Revithoussa for several months.

For decades, Bulgaria had almost fully relied on Russia to cover its annual needs of about three bcm of gas a year.

However, Moscow suspended deliveries to Bulgaria in April, after Sofia refused to pay for gas in roubles.

Bulgaria currently covers about a third of its annual gas needs by importing one bcm of Azeri gas, and contracts traders to supply it with the rest through Greece.

Turkey imports Russian gas and Moscow has proposed setting up a hub for Russian gas in Turkey, which in theory could allow Moscow to mask its exports with fuel from other sources.

Hristov has said that Bulgaria cannot control what gas will enter Bulgaria, but that Sofia would make sure it signs deals for LNG deliveries that are not from Russia.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advance.
Israeli Minister Urges Hamas to Surrender and Depart from Gaza.
Iran Considers Moving Its Capital Due to Urban Difficulties
Israel and Hamas Finalize Sixth Exchange of Hostages and Prisoners During Continuing Gaza Ceasefire
Leaders of BRICS to Gather in Rio de Janeiro for July Summit
Muhsin Hendricks, a trailblazing openly gay imam, was killed in South Africa.
Trump's special envoy for hostage affairs cautions Hamas against challenging Trump before Saturday's deadline.
Two British citizens apprehended in Iran amid escalating tensions.
Israel Issues Threat of Military Action as Hostage Negotiations with Hamas Continue
Hamas Coordinates Worldwide Solidarity Marches in Reaction to U.S. and Israeli Initiative
Israel Warns of Ending Gaza Ceasefire Due to Hostage Situation
King Abdullah II Dismisses US Proposal to Relocate Palestinians, Commits to Welcoming Gaza Children.
Lebanon Installs New Government with Hezbollah's Impact on Key Ministries
Report: Iran Attempted to Assassinate Trump During Election Campaign
U.S. Authorizes $7.4 Billion Arms Sale to Israel
Iran's Supreme Leader Rejects Nuclear Negotiations with the U.S.
UN Chief Denounces Trump's Gaza Plan, Cautions Against Ethnic Cleansing
Pressure Intensifies for a Free Trade Agreement between the UK and GCC in Light of Economic Difficulties
Israel to Withdraw from UN Human Rights Council Due to Accusations of Anti-Semitism
EU Reaffirms Gaza's Essential Role in Future Palestinian State Following Trump's Proposal
Iranian Currency Reaches All-Time Low Amid US 'Maximum Pressure' Initiative.
UN Reaffirms Ban on Deportation from Occupied Territories Amid US Gaza Proposal
Palestinians Fear Repeat of 'Nakba' Amid Ongoing Crisis in Gaza
UAE Aids in the Exchange of 300 Prisoners Between Russia and Ukraine
Egypt Seeks Global Backing for Two-State Solution Following US Proposal for Gaza Plan
Trump's Suggestion to 'Seize Control' of Gaza Represents a Significant Shift in US Policy
French President is the first EU leader to extend congratulations to the new Syrian President.
Tunisian President Appoints New Finance Minister Amid Economic Crisis
Trump Suggests U.S. 'Takeover' of Gaza, Prompting Global Worries
Trump's Proposal for Gaza Provokes Global Debate
President Trump Suggests Moving Gaza's Palestinian Population
Aga Khan IV, Spiritual Leader and Philanthropist, Dies at 88
Erdogan and Syria's Sharaa Talk About Collaboration to Counter Kurdish Militants
Trump Suggests U.S. Control of Gaza Strip Amid Ongoing Conflict
Trump Resumes 'Maximum Pressure' Strategy to Limit Iran's Oil Exports.
Ex-British Soldier Sentenced for Espionage on Behalf of Iran and Fleeing from Prison
Gazans in Egypt Reject Displacement, Struggle with Return to War-Torn Home
Queen Rania Urges Protection of Children’s Rights at Vatican Summit
Hamas Officials Ready to Begin Negotiations for Phase Two of Gaza Truce
Trump Expresses Caution Over Gaza Ceasefire as Netanyahu Visits Washington
Oman to Host 18th Indian Ocean Conference on Maritime Security and Trade
Emir of Kuwait Meets BlackRock CEO for Talks on Investment Opportunities
Queen Rania of Jordan Calls for Global Action on Children’s Rights at Vatican Summit
Egyptian President El-Sisi Invited for White House Meeting Following Jordanian King’s Visit
Queen Rania Calls for Protection of Children’s Rights at Vatican Summit
Israeli Military Operations Continue on Lebanon Border Amid Ceasefire Tensions
Israeli Hostage's Release Highlights Uncertainty Over Family's Fate
Israeli Military Operations Escalate in Southern Lebanon Amid Hezbollah Tensions
Zayed Award for Human Fraternity Announces 2025 Honorees
Kuwait Anticipates a 12% Increase in Budget Deficit for the 2025-2026 Fiscal Year
×