(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Bulgaria have agreed to swap gas for electricity,
as well as increase the volume of supplies through the Southern Gas
Corridor in the future, Bulgarian Economy and industry Minister
Nikola Stoyanov said, Azernews reports, citing foreign media.
He noted that Azerbaijan produces electricity from gas, while
Bulgaria is a major producer of electricity, which it exports and
has a surplus.
“There is such a possibility: we can provide them with
electricity, and they, instead of producing it using gas, will save
the gas and export it to us,” he said.
The minister noted that Azerbaijan confirmed that Bulgaria can
count on the implementation of the contract for 1 billion cubic
meters per year. He added that in the long term, the countries are
planning to expand the Southern Gas Corridor, which in three-four
years will allow Bulgaria to receive 1 more billion cubic meters of
gas per year.
Nikola Stoyanov added that the Bulgarian Energy Ministry will
continue negotiations with Baku, including the price and other
details of the deal. Moreover, he mentioned that Bulgaria also
discussed with Azerbaijan the possibility of getting additional
volumes of gas this winter.
Azerbaijan and Bulgaria agreed to supply 1 billion cubic meters
of gas per year through the Interconnector Greece-Bulgaria.
However, because the IGB was still under construction, Azerbaijani
gas was delivered to Bulgaria via the Kulata-Sidirokastro
interconnection segment.
The IGB gas pipeline is designed to connect the Greek national
gas transmission system (DESFA S.A.) and the Trans-Adriatic gas
pipeline (TAP AG) in the area of Komotini (Greece), and with the
Bulgarian gas transmission system (Bulgartransgaz EAD) in the area
of Stara Zagora. The total length of the gas pipeline is 182 km,
the diameter of the pipe is 32'', and a design capacity of up to 3
billion m3/year in the direction of Greece-Bulgaria.
The pipeline is designed to increase its capacity up to 5 bcm/y
depending on market interest and the capacities of neighboring gas
transmission systems.
The opening ceremony of the Interconnector Greece-Bulgaria was
held in Komotini on July 8.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
MENAFN12092022000195011045ID1104849487
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.