Bulgaria will receive U.S. LNG supplies from June to help it after Russia’s Gazprom cut off gas deliveries, the government said on May 11.
The arrangement was agreed at a meeting between Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington, the government said.
“Real deliveries of liquefied natural gas to Bulgaria at prices lower than the ones of Gazprom have been agreed as of June,” the government said in a statement, without elaborating.
Gazprom cut off gas deliveries to Bulgaria and Poland on April 27 for refusing to pay in roubles. Bulgaria consumes about 3 Bcm of gas per year, of which over 90% was coming from Russia.
Bulgaria has stepped up talks with Azerbaijan to increase gas deliveries and is looking to agree LNG deals via terminals in Greece and Turkey. It has also called for common EU gas purchases to make prices more competitive.
Recommended Reading
Denbury to Participate in Planned Clean Ammonia Project in Geismar, Louisiana
2022-05-19 - Denbury Carbon Solutions will transport and store CO2 captured from Canadian fertilizer company Nutrien Ltd.'s Geismar, La.-based clean ammonia project under a new term-sheet agreement.
More Drilling Will Fuel Long Term Sustainability Goals, Rystad’s Shale Expert Says
2022-05-18 - In an exclusive video interview, Alisa Lukash, vice president of shale research at Rystad Energy, discussed how the current environment will impact short- and long-term sustainability strategies of U.S. shale companies.
Australia's Gas Producers Eye Profits from Carbon Capture
2022-05-18 - Operators are looking to the technology as an opportunity to not just offset their own emissions, but to make money.
Panama to Develop Largest Advanced Biorefinery to Make Lower-carbon Aviation Fuel
2022-05-18 - The government of Panama is partnering with energy companies to develop advanced biorefinery that will increase low-carbon aviation fuel supply to help achieve the government's goal of net-zero carbon emissions by 2050.
DUG Permian, Eagle Ford: Chevron Answers Political Criticism Over High Oil Prices
2022-05-17 - The Biden administration mistakenly believes that the shale industry can "just run out, set up a bunch of rigs and grow production over night,” said Steve Green, president of Chevron's North America E&P division, speaking at Hart Energy's DUG Permian and Eagle Ford conference.