Bulgaria reached an agreement with the United States on the receipt of two liquefied natural gas shipments in June, while discussing with Washington the possibility of concluding a long-term contract, after the cessation of gas supply by the Russian giant Gazprom.
The two shipments from the US will be delivered to Bulgaria in June, while the purchase will be made at a price lower than that charged by Gazprom, as Prime Minister Kirill Petkov stressed on Wednesday, on his return from Washington where he met with US Vice President Kamala Harris and other US officials, as reported by Reuters.
It is recalled that Gazprom cut off gas supplies to Bulgaria and Poland on April 27 due to the two countries’ refusal to pay in rubles as requested by Russian President Vladimir Putin.
Bulgaria’s gas needs are around 3 billion cubic meters per year, of which more than 90% was previously supplied by Russia.
“For June, they have already secured two LNG tankers, at prices slightly lower than those of Gazprom. And we are starting talks on a long-term contract, under which prices will be even lower,” Petkov told reporters. .
According to the Bulgarian Prime Minister, the two shipments are not included in the US plan to supply the European Union with 15 billion cubic meters of liquefied natural gas this year, in the context of the Union’s independence from the Russian energy sector.
“We have negotiated deliveries specifically for Bulgaria, which also shows the support of our partners,” Petkov said, adding that the liquefied natural gas would come from LNG terminals in either Greece or Turkey.
Meanwhile, Bulgaria has intensified talks with Azerbaijan on the supply of larger quantities of natural gas, and is considering concluding other agreements on the supply of liquefied natural gas through the Greek and Turkish terminals.
At the same time, it has called on the EU to take action on joint gas supply to ensure more competitive prices.
“One should not think that we are just replacing one supplier with another. We are looking for the best prices from all suppliers,” Petkov said.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
