Bulgaria will receive supplies of US liquefied natural gas (LNG) at prices lower than Gazprom’s starting in June, according to a deal struck between Prime Minister Kiril Petkov and US Vice President Kamala Harris, the government’s press service said on Wednesday.

Deputy Minister of Economy Georgi Danailov commented that the two had been working on the idea of ​​alternative supplies of liquefied natural gas since February.

“This is the finalisation of the talks held during this period,” he told Nova TV. According to him, the specific price depends on many conditions, including how the delivery will be made.

“At the moment, I do not have details. It is quite possible that the price will be lower than that of Gazprom because the price of Gazprom is quite high,” Danailov said.

“The price of gas through pipelines, when delivered at a distance of more than 4,000 kilometres, certainly becomes high enough and may be higher than that of liquefied natural gas,” the Bulgarian deputy minister explained.

Details on specific prices and quantities are not yet available.

Bulgaria will most likely receive regular supplies from the US, Danailov also said, “Such is the general agreement between US President Joe Biden and Ursula von der Leyen to begin regular supplies of liquefied natural gas from the US,” Danailov recalled.

Gazprom unilaterally cut off gas supplies to Bulgaria and Poland at the end of April as the two countries refused to comply with Russia’s request to pay in roubles. The rest of the EU, except Hungary, also refuses to pay in the Russian currency, but Russia has so far continued delivering supplies.

The situation has forced Bulgaria to look for alternative sources. In late March, the US and the EU announced a deal to increase imports of US LNG, which would reduce Europe’s dependence on Russian energy resources. An additional 15 billion cubic metres of US LNG should be delivered to Europe by the end of 2022.

Prior to the suspension of Russian gas, Bulgaria received gas from Gazprom at one of the lowest prices in the EU because it operated under a long-term contract.

At the end of June, the gas interconnector between Bulgaria and Greece will be ready, through which Bulgaria will receive an additional 1 billion cubic metres of gas per year, which is enough for a third of total consumption. Authorities in Sofia are trying to negotiate a threefold increase in supplies from Azerbaijan.

AllKnowing:
Okay okay igbofam! I have never bothered to comment on your many posts about Russia/ Ukraine/ US.

Wait, you’re a Nigerian like me yeah? What’s our gain if these nations kill themselves? But check out the image below and see why this new agreement may be a pipe dream. If it goes through, Bulgarians will bear the brunt of expensive logistics.

Or will the US subsidize gas for them

Svlla:
The same Bulgaria that has been blocking Energy related Sanctions in the EU

BTW US don't have cheap gas where Russia gas is concern

No need reading this. Just the heading will do

@Igbofam sometimes I wonder what you have in place of brain cells in you head

Svlla:
The same Bulgaria that has been blocking Energy related Sanctions in the EU

BTW US don't have cheap gas where Russia gas is concern

No need reading this. Just the heading will do

@Igbofam sometimes I wonder what you have in place of brain cells in you head

DerrickzB:



The guy na mumu!! Better one!! He talks like it’s a wish for the world to abandon Russia oil!! We would see how it would play out!!

Igbofam:


Russia has lost Bulgaria you can hit your head on a sharo object out if pain

tamdun:

Did you even consider the distance between US and Bulgaria? US gas can never be cheaper that Russia gas and incase u don't know, protest is going on in Bulgaria,some Europeans are getting tired already

Igbofam:


Read the OP very well. All arrangements have already been made.

I am sure you are not more knowledgeable than those who put this deal together between USA and Bulgaria.

All the minute details logistically has been taken care of so stop worrying on their behalf.

They will get US LNG for cheaper than Russian Gas

Thanchu

Alamkir:


Even if the whole thing is believe able that " cheap US gas" u add just spoiled the whole thing. First off on a normal day Russian gas is cheaper than US, secondly, considering d logistics all the way from US it will be two times d price.
Thirdly, why only bulgary? The whole Europe is begging for gas, the US should supply nt just Bulgaria.

Fourthly, mmmmm ok thats it, there's no fourth

AllKnowing:
Okay okay igbofam! I have never bothered to comment on your many posts about Russia/ Ukraine/ US.

Wait, you’re a Nigerian like me yeah? What’s our gain if these nations kill themselves? But check out the image below and see why this new agreement may be a pipe dream. If it goes through, Bulgarians will bear the brunt of expensive logistics.

Or will the US subsidize gas for them

ocelot2006:
Cheaper US LNG? Hold on....I'm no Gas Engineer, but, I believe the gas in the US has to be liquified and stored in special tanks on LNG ships and transported ACROSS the ATLANTIC OCEAN to Europe to LNG terminals then pumped out, etc.

The Russian pipeline on the other is just a few kilometers away....

....yet the US LNG is cheaper?? How??

ocelot2006:


Maybe the US will subsidize the gas. Will it go down well with the American public? I dunno..

Igbofam:


Yes it's cheaper. I know you want it so badly to be a bad deal between USA and Bulgaria but sadly for you it's not

They are happy getting it for cheaper so stop with the wailing.

Leave the matter of the logistics. Let the US experts and Bulgarian experts handle that and they have

AllKnowing:


I dabbled a bit into psychology and clinical psychiatry and you fit a certain personality disorder:

1. Deriving perverse joy from a bad situation.
2. A closed mind to any contrary, albeit correct, opinion/ discourse.
3. Chasing shadows in a situation that does not benefit you but hoping that through it you will find closure or fulfillment.

Igbofam:


Oga you actually think you know anything about anything

US LNG is cheaper for them and they are shoring up through Azerbaijan as well so stop burning up the very few brain cells you have left if at all you have any left.

Russian bots have been know to be very dumb so let me not task your brain too much.

For Bulgarian energy ministry to negotiate cheaper LNG from US and come out to say it is cheaper than Russian gas then best believe it is cheaper.

I know you want so badly for it to be propaganda (which is a Word you you Russian bots use when you want to make yourselves feel good) but it's sadly not for you.

Again, Russia has lost Bulgaria and you can choke on it

Igbofam:


Then consider it an abnormal day because Bulgaria would be getting LNG from USA at a cheaper rate than Russian gas.

Finito

CALEB1590:
guy you argue like a toddler

atmy1:
You guys just don't recognize PR when you see it. The entire coverage of the Ukrainian war by Mainstream media is pure PR. You need to read between the lines to spot the inconsistencies.

Igbofam:


Why are you crying more than the bereaved?

Do you know about the distance more than US and Bulgaria?

They have concluded on everything including logistics so stop wailing.

US will supply Bulgaria for a cheaper price than what they are getting from Russia.

Case closed

jackslow:
they have concluded but they have not arrived at any price yet,the PM only said it should be lower than that if Russia but in real life it can't be.Let's just wait and see how things unfold

Bulgaria’s response to the disruption of the gas flows from Russia merits special attention. In contrast to Poland, which currently takes less than half of its gas from the Russian Federation, the Balkan country is reliant on Russia’s Gazprom for over 90 percent of its supplies.

But unlike previous cutoffs in 2006 and 2009, this time around the government in Sofia clearly had a plan. For instance, the state-owned trader Bulgargaz has contracted shipments of liquefied natural gas (LNG) that are now entering Bulgaria through the Revithoussa terminal in Greece. Additional volumes are also arriving from Romania, through the Trans-Balkan Pipeline which, until TurkStream started work in 2020-21, served Gazprom. The fact that the disruption happened in summer, after the end of the heating season, is making the Bulgarian authorities’ life easier, too.

The main thing, however, is that Bulgaria’s long-delayed interconnector pipeline with Greece (ICGB) is due to come online on June 30 or soon thereafter. Once it is up and running, Bulgaria will be importing one billion cubic meters (bcm) – corresponding to about one-third of its annual demand – from Azerbaijan, as ICGB connects to the so-called Trans Adriatic Pipeline.

LNG will be coming from the terminals in Turkey and, after the end of 2023, from a floating storage and regasification unit (FSRU) next to the northeastern Greek port city of Alexandroupolis

Svlla:
The same Bulgaria that has been blocking Energy related Sanctions in the EU

BTW US don't have cheap gas where Russia gas is concern

No need reading this. Just the heading will do

@Igbofam sometimes I wonder what you have in place of brain cells in you head

Svlla:
The same Bulgaria that has been blocking Energy related Sanctions in the EU

BTW US don't have cheap gas where Russia gas is concern

No need reading this. Just the heading will do

@Igbofam sometimes I wonder what you have in place of brain cells in you head

baralatie:

Is like you just got to realize that the op is confirm misinformer general