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    Bulgargaz seals LNG delivery from US for July - report

    June 24, 2022 - SeeNews Power Market Review


      SOFIA (Bulgaria), June 23 (SeeNews) - Public gas supplier Bulgargaz has contracted another delivery of liquefied natural gas (LNG) from the US for July, with the tanker expected to arrive at the Greek terminal at Revithoussa on July 2, local newspaper Capital reported.

      Bulgargaz has booked terminal capacity to receive some 62 million cubic metres (cu m) of LNG, or 65% of the tanker's cargo, enough to cover 25% of the country's needs, Capital said, citing data from Greek natural gas transmission grid operator DESFA.

      There is no information on the price at which the fuel has been purchased, but it will not be increased by transactions with intermediary gas traders, Capital said.

      Earlier this week, Bulgargaz announced it will conduct on Thursday an auction to purchase up to 45,000 MWh of natural gas per day on the Balkan Gas Hub exchange market, starting from July 1.

      Natural gas prices have risen in the past week since Russia's Gazprom announced that it will shut down for maintenance its TurkStream pipeline, which carries natural gas to Europe via Turkey, for a week until June 28, prompting further concerns on the adequacy of fuel supply for storage ahead of the European winter.

      Bulgaria's Chiren gas storage facility is currently 32% full, Capital reported.


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