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.
2022-07-06 - NextDecade’s supply deal with China Gas, the financial terms of which have not been disclosed yet, is for 20 years and LNG will be delivered from the second train at Rio Grande LNG.
2022-05-17 - Traders noted U.S. natural gas prices were up despite a 7% drop in European prices and forecasts for milder weather and lower U.S. demand over the next two weeks than previously expected.
2022-05-11 - The agency said U.S. LNG exports would reach 11.99 bcfd in 2022 and 12.63 bcfd in 2023.
2022-04-27 - U.S. natural gas prices also gained support from forecasts for more gas demand than previously expected, and a continued drop in U.S. output due to a late-season cold snap that froze oil and gas wells in North Dakota.
2022-06-15 - “Freeport’s outages will place a ceiling on demand, providing additional power behind expected storage injections in the near term,” analysts at Gelber & Associates said.