BP, Venture Global to supply LNG to Bulgargaz in January and February

Bulgargaz previously sought two LNG cargoes for delivery during January and February 2025.

The company recently announced that 19 international companies have expressed interest in participating in its latest tender for two LNG cargoes.

This is a record number of companies that participated in any of the Bulgargaz LNG tenders.

According to a statement by Bulgaria’s energy ministry on Friday, 10 international firms submitted binding offers.

Bulgargaz picked UK-based BP Gas Marketing and US-based Venture Global Commodities to supply the two LNG cargoes, the ministry said.

BP’s unit will supply the January LNG cargo, while Venture Global’s unit will deliver the February shipment.

Both of the shipments will be delivered to Gastrade’s FSRU-based LNG terminal off Greece’s Alexandroupolis.

At the end of August, Bulgargaz launched three tenders for five LNG cargoes for delivery via the FSRU.

Bulgargaz awarded the October LNG cargo to a unit of France’s TotalEnergies and this shipment was the first commercial cargo delivered to the FSRU-based LNG terminal off Alexandroupolis.

Gastrade’s 153,600-cbm FSRU Alexandroupolis received its first commercial LNG shipment from Norway on October 3.

Bulgargaz also awarded the second tender to TotalEnergies Gas and Power.

Under this deal, TotalEnergies will deliver two shipments, each of about 150,000 cbm, in November and the other in December.

Alexandroupolis FSRU

Bulgargaz previously booked capacity at Gastrade’s FSRU-based LNG import project.

Gastrade’s shareholders include founder Copelouzou, DESFA, DEPA, Bulgartransgaz, and GasLog.

This is Greece’s first FSRU and the second LNG import facility, adding to DESFA’s import terminal located on the island of Revithoussa.

The Alexandroupolis LNG terminal has a capacity of up to 5.5 bcm per year, or some 66.3 TWh per year.

Gastrade recently told LNG Prime that it expects to receive one LNG cargo per month at its FSRU-based LNG import terminal off Alexandroupolis in the next five months.

The company said 14 Greek and international companies are participating commercially in the project, committing almost all of the terminal’s capacity until at least 2030.

Besides Bulgargaz, Venture Global recently booked long-term capacity at Gastrade’s LNG import terminal.

Under the binding terminal use agreement, Venture Global has secured about 1 mtpa of LNG regasification capacity at the terminal for five years, beginning in 2025.

Venture Global said its capacity will account for about 25 percent of the total terminal capacity or about 12 LNG cargoes annually.