Greece’s Mytilineos, DEPA to supply Bulgargaz with LNG

Bulgaria’s Bulgaragaz said it had selected Greece’s Mytilineos and DEPA to supply it with liquefied natural gas in November via the import terminal located on the island of Revithoussa.

The move follows a short-term tender issued by the state-owned firm last month.

Bulgargaz said in a statement on Monday that Mytilineos and DEPA Commercial were selected out of eight bidders from Europe, Asia, and the United States.

It sought about 1.5 TWh of LNG for the November supplies, while the two Greek firms already booked regasification slots DESFA’s Revithoussa terminal.

According to Bulgargaz, the firm has secured very competitive natural gas prices which would be reflected in the company’s price proposal for the month of November.

Besides this tender, Bulgargaz also launched tenders for LNG supplies in December, for 2023, and for a 10-year period from 2024 until 2034.

Bulgaragaz recently booked additional capacity at Gastrade’s FSRU-based LNG import project in Alexandroupolis, which is expected to launch operations next year.

It has doubled the capacity to 10.6 TWh per year or about 1 billion cubic meters per year.

Bulgaria’s Bulgartransgaz has a 20 percent in the LNG import project.

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

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