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Bulgaria gains access to Turkish LNG terminals for 13 years

BULGARIA-RUSSIA-UKRAINE-ENERGY-CONFLICT-GAS

Gas installation are photographed at Sofia Iztok thermal power plant on May 5, 2022, a week after the halt of Russian gas supply to Bulgaria. - The halt of Russian gas has left companies -- big and small -- scrambling as they fear insecure deliveries and rising prices. Since its invasion of Ukraine soured its international relations, Moscow insists Gazprom customers must pay in rubles rather than US dollars or euros, leading the Russian energy giant to cut deliveries to Bulgaria and Poland on April 27. (Photo by Nikolay DOYCHINOV / AFP)

Bulgaria and Turkey have signed an agreement that will allow Bulgaria to use Turkish liquified natural gas (LNG) terminals for the next 13 years, the Bulgarian News Agency (BTA) reported.

Russia, which previously met more than 95 percent of the Balkan country’s gas needs, cut off deliveries to Bulgaria in April after Sofia refused to pay in rubles.

The deal will enable Bulgaria to purchase gas from any global producer and unload it in Turkey, according to Rossen Hristov, the Bulgarian minister of energy.

Hristov described the signing as a historic moment, saying the lack of infrastructure had caused serious problems with LNG supplies in the past year.

Turkish Energy Minister Fatih Dönmez said the agreement would strengthen relations between the two countries and improve security of the natural gas supply in the Balkans.

The annual transfer of gas under the deal will be 1.5 billion cubic meters (bcm). The agreement grants Bulgaria access to five Turkish LNG terminals, the capacity of which can be increased if needed.

At present, the European Union country imports 1 bcm of gas a year from Azerbaijan and covers the rest of its needs, about 3 bcm per year, through LNG imports from neighboring Greece.

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