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Bulgaria Plans to Double It's Gas Storage Capacity

NATURAL GAS

Bulgaria has launched a project to almost double its gas storage capacity from 550 mcm to 1 bcm by the end of 2024.

  • A deal was signed between grid operator Bulgartransgaz and a Bulgarian-led consortium to achieve the storage aim.
  • Russia cut off gas delivery to EU member Bulgaria last April after Sofia refused to pay in roubles which has prompted the country to increase it energy security.
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Bulgaria has launched a project to almost double its gas storage capacity from 550 mcm to 1 bcm by the end of 2024.

  • A deal was signed between grid operator Bulgartransgaz and a Bulgarian-led consortium to achieve the storage aim.
  • Russia cut off gas delivery to EU member Bulgaria last April after Sofia refused to pay in roubles which has prompted the country to increase it energy security.