(MENAFN- AzerNews)
By Ayya Lmahamad
The wholesale price of gas in Bulgaria dropped by 34 percent
with the launch of the Interconnector Greece-Bulgaria (IGB), which
transports Azerbaijani gas, Azernews reports, citing the .
The regulatory commission approved the wholesale price of
natural gas for October at 233.36 leva ($116.93) per MWh, down by
34 percent from the previous month.
'The significantly lower price for the month of October is due
to the very competitive price conditions under the long-term
contract for the supply of natural gas from Azerbaijan. The price
of the supplied quantities is formed entirely by oil quotations for
a period of 6 months ago and does not depend on the dynamics of
exchange prices on the European gas markets,' the statement
reads.
The opening ceremony of the Interconnector Greece-Bulgaria was
held in Komotini on July 8, while a ceremony to inaugurate the
(IGB) was held in Bulgaria on October 1.
Earlier, it was reported that Azerbaijan will export about 600
million cubic meters of gas to Bulgaria by the end of 2022.
Bulgarian Energy Minister Rosen Hristov then said that negotiations
are underway to increase gas supplies from Azerbaijan to Bulgaria,
at least for the heating season, for another 200-300 million cubic
meters.
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.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter:
Follow us on Twitter
MENAFN05102022000195011045ID1104970572
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.