May 2019, Vol. 246, No. 5

Global News

Greece Becoming 1st First Non-Russian Gas Supplier to Bulgaria

Bulgaria’s Bulgargaz struck a deal to buy 1.5 million megawatt hours of natural gas from Greece’s DEPA, the first time the state provider has bought gas outside its long-term contract with Russia’s Gazprom.

Bulgargaz said it will complete the purchase in the second quarter, pumping the gas into its Chiren underground storage facility.

More than 95% of Bulgaria’s gas is supplied by Gazprom, delivered through a pipeline crossing Ukraine, Moldova and Romania. Bulgargaz said DEPA offered the lowest price in a tender at which the state provider also received offers from Bulgaria’s Dexia and Dutch-registered Kolmar NL.

Sofia plans to meet up to 30% of its gas needs beyond 2020 under its contract to import 1 Bcm annually from the Shah Deniz II gas field in Azerbaijan. 

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