Bulgaria on the lookout for first LNG cargo via Turkish terminal

Bulgaria’s state gas company Bulgargaz has launched a tender procedure for the supply of 500,000 MWh of liquefied natural gas (LNG) via Turkish LNG terminal for April 2023.

According to Bulgargaz, this will be the first cargo to be delivered to a Turkish LNG terminal under the agreement signed by the Bulgarian company and Turkish gas transmission company BOTAŞ.

To remind, in January 2023, the parties concluded the 13-year deal that grants Bulgargaz access to the gas transmission infrastructure of BOTAŞ as well as the use of five Turkish LNG terminals.

The agreement is estimated to enable 1.5 billion cubic metres of gas to be transferred annually between the two countries during this period.

On 23 February, Bulgargaz initiated the tender procedure seeking the LNG supply sourced from countries without sanctions, embargoes, or any trade restrictions.

Among other conditions and requirements in the tender, the company stated that the offer price should reference TTF front month April with discount in Euro per MWh indicated.

Moreover, a terminal in Turkey was designated as the delivery point, with the possibility for the buyer to change to a terminal in Greece 15 days before the delivery date.

Interested parties who want to participate in the tender procedure can submit their application by 28 February 2023. After this date, the company will notify the applicants whether they are eligible to participate in the second stage.

The deadline for submission of applications in the second stage will be set for 9 March 2023.

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