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"Bulgargaz" sells its reserved capacity in Turkish LNG terminals Bulgargaz has announced two auctions for the recovery of the reserved capacity of 1.850 billion cubic meters annually at Turkish terminals for regasification of liquefied gas. One is for the sale of other suppliers of the right to supply gas to Turkey, to store it there and transfer to Bulgaria. The other is for the provision of this service in favor of suppliers on behalf of Bulgargaz, against which the Bulgarian state-owned company will collect a fee and with the revenue will be paid with Botash for the ownership of the 13-year agreement. This solution to the problem of Bulgargaz Capacity was announced to journalists by the official energy minister Vladimir Malinov and the head of the company Veselin Sinabov to journalists on Thursday, and later the conditions and terms of the two procedures were published. Sinabov commented that this was being undertaken to use the capacity of the agreement, which exceeds the possibilities of the company he managed, and in addition the consumption of natural gas decreased. For nearly a year and a half of the contract with Botash "Bulgargaz" has managed to use a minimum part of the capacity with the supplies of three loads for a total of 2.5 million MWh, and in June the fourth will be carried out - from Botash itself. Although Malinov said that other gas supply tenders would be announced for Bulgargaz under the agreement, the company will not be able to use all the capacity, but pays over $ 480,000 a day.

 

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