Bulgaria: Botas to deliver LNG to Bulgargaz in June

Turkish natural gas and LNG company Botas will supply one liquefied natural gas cargo in June to Bulgaria’s Bulgargaz following the completion of a recent tender.

Earlier this month, Bulgargaz launched a tender seeking one cargo of about 1 TWh (3,400,000 MMBtu) for delivery to LNG terminals in Turkiye from June 24 to June 25.

Bulgarian energy minister Vladimir Malinov announced on Thursday that 13 companies participated in the tender, and 10 of them submitted binding offers.

He said that Botas was “ranked first”.

“In addition to the reserved capacity under the agreement signed between the companies at the end of 2022 agreement, Botas will make a discount,” he said.

This will lead to cost savings for Bulgargaz of about BGN 11.5 million ($6.38 million) for June, Malinov said.

In addition, Bulgargaz announced on Thursday two tender procedures – one for using the free capacity under the agreement with Botas under equal conditions for all commercial participants.

The second tender procedure is for the provision of a service by Bulgargaz for companies that would like to supply gas to the entire region, Malinov said.

The capacity deal between Botas and Bulgargaz allows the latter access to Turkish LNG import terminals and the grid.

The duration of the agreement is 13 years and includes a gas transfer of up to 1.5 billion cubic meters per year.

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