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Bulgaria Awards June LNG Tender to Turkey’s Botas: Platts

LNG

The Bulgargaz tender for delivering LNG into Turkey June 24-25 was awarded to Turkey’s Botas, Bulgarian energy minister Vladimir Malinov said May 16, cited by Platts.

  • 13 companies expressed interest and 10 submitted offers.
  • Botas will be offering a discount to Bulgargaz, helping it save $6.4m for June.
  • Platts did not provide the transaction price for the tender but noted that market sources said the price for the tender was unusually low.
  • The tender closed May 13 and was for 3.4 Tbtu.
  • Platts assessed DES East Mediterranean at parity with TTF June.

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