Bulgaria says to start receiving US LNG next month

Bulgaria said it would start receiving US liquefied natural gas in June after Russia’s Gazprom cut off pipeline gas supplies to the European country.

According to a statement by the Bulgarian government on Wednesday, this was agreed during a meeting in Washington between US Vice President Kamala Harris and Bulgarian Prime Minister Kiril Petkov.

The agreed prices would be lower than the ones with Gazprom, the statement said, but it did not provide any additional information.

Bulgaria has no LNG import facilities. However, the country is working with Greece to receive LNG supplies via the latter’s regasification plants.

Bulgaria’s Bulgartransgaz has a 20 percent in Gastrade’s FSRU-based Alexandroupolis LNG import project which should go online in 2023.

Last month, Greek media also reported that DESFA had granted capacity access to Bulgaria to its LNG import terminal located on the island of Revithoussa, currently the only such facility in Greece.

DESFA is adding floating storage capacity to the Revithoussa LNG import plant. LNG deliveries to this plant surged in the first quarter of this year due to higher volumes from the US.

Greece and Bulgaria are also partners in the Gas Interconnector Greece-Bulgaria. This pipeline should deliver regasified LNG in the future as well.

Bulgarian Energy Holding and a joint venture of DEPA and Italian energy group Edison own this project.

According to the project operator ICGB, the pipeline has reached a 91 percent completion mark as of mid-April.

Most Popular

BW upgrades LNG carrier

Oslo-based BW LNG, a unit of Singapore’s gas shipping giant BW, is upgrading its 2019-built LNG carrier BW Pavilion Aranda with a sub-cooler.

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.

Flex eyes LNG carrier order

Norwegian owner Flex LNG is exploring with new and existing partners to join the company in ordering new liquefied natural gas (LNG) carriers, according to interim CEO Marius Foss.

More News Like This

Spot LNG shipping rates slightly up this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the previous week.

US LNG exports reach 31 cargoes

US liquefied natural gas (LNG) plants shipped 31 cargoes during the week ending August 20. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

GECF says LNG imports up 6.6 percent in July

Global liquefied natural gas (LNG) imports rose by 6.6 percent year-on-year in July, setting a new record for the month, the Gas Exporting Countries Forum said in its latest report.

Atlantic LNG rates remain at $36,000 per day, European prices down

Atlantic spot LNG shipping rates remained at $36,000 per day this week, while European prices continued to drop.