Bulgargaz seeks LNG cargo for June delivery

Bulgaria’s Bulgargaz, a unit of state-owned Bulgarian Energy Holding, is seeking a liquefied natural gas (LNG) cargo for delivery at the end of June.

According to tender documents posted by Bulgargaz on its website, the quantity offered shall not be less than 1 TWh (3,400,000 MMBtu) or 1 cargo.

The delivery window is June 24-June 25.

Bulgargaz is seeking the cargo on a DES basis and the shipment will be delivered to LNG terminals in Turkiye.

The firm said the LNG supplies must come from countries without sanctions, embargoes, or any trade restrictions.

“The offered price shall reference the TTF front month (Argus) or TTF MA (ICIS) for the month in which the delivery window falls in euro per MWh and shall include all delivery costs to an LNG terminal in Turkey,” it said.

The deadline for pre-selection of candidates is May 9, while the deadline for submission of binding offers is May 13.

Deliveries via Turkey and Greece

Prior to this tender, Bulgargaz also launched a tender in March seeking one LNG cargo for delivery on May 18, 2024 to the FSRU-based Alexandroupolis terminal in Greece, or an LNG terminal in Turkiye.

Bulgargaz previously booked capacity at Gastrade’s FSRU-based LNG import project in Alexandroupolis, which is currently working to launch commercial operations.

Gastrade said this week it has postponed the launch of commercial operations due to a “technical issue”, saying that the company will advise on a new COD (commercial operation date) “soon”.

Bulgartransgaz has a 20 percent in the LNG import project.

In January this year, Bulgargaz selected a unit of French energy giant TotalEnergies to supply one LNG cargo in March via Greece’s Revithoussa LNG import terminal.

In October 2023, TotalEnergies Gas and Power also won a tender to supply two LNG cargoes to Bulgargaz in January and February this year via LNG terminals in Turkey.

Prior to that, US LNG exporting giant Cheniere delivered the first cargo to Bulgargaz to the Marmara Ereglisi onshore terminal in Turkey as part of the latter’s deal with Botas.

Botas and Bulgargaz signed the deal in January 2023, allowing Bulgargaz 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.

- Advertisements -

Most Popular

Adnoc buys stake in NextDecade’s Rio Grande LNG project

UAE’s Adnoc has purchased an 11.7 percent stake in the first phase of NextDecade's Rio Grande LNG export terminal...

Spot LNG shipping rates nearly flat, European prices drop

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained steady this week, while European prices...

India boosts LNG imports in April

India’s liquefied natural gas (LNG) imports rose in April this year compared to the same month last year, according...

More News Like This

Botas to supply one LNG cargo to Bulgargaz in June

Türkiye’s state-owned natural gas and LNG firm Botas will supply one liquefied natural gas cargo in June to Bulgaria’s...

Botas to buy LNG from ExxonMobil

Türkiye’s state-owned natural gas and LNG firm Botas has signed a deal with US energy giant ExxonMobil to buy...

Gastrade delays commercial ops at Greece’s first FSRU terminal

Greece’s Gastrade has postponed the launch of commercial operations at its FSRU-based LNG import terminal off Alexandroupolis. "Due to a...

Oman LNG, Turkey’s Botas seal 10-year SPA

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with Turkey’s state-owned natural gas and LNG...