Bulgaria Seeking Access to Turkish LNG Terminals

Bulgaria is in talks with Turkey today in hopes of securing long term access to Turkey’s LNG infrastructure.

• Bulgaria relied on Russia for 95% of is gas needs prior to April when it was cut off after refusing to pay for supplies in Roubles.
• "We are holding talks to reserve capacity of one billion cubic metres (bcm) of gas per year on Turkish LNG terminals and for the transit of the gas through Botas network to our border," interim energy minister Rossen Hristov said.
• "This is very important, because we have enough offers for LNG cargo shipments. What we do not have is somewhere to off-load them," he said.
• "We are firmly committed to cutting our dependence on Russia," he added.
• Bulgarez has already booked capacity at a Greek import terminal. At present, the European Union country imports 1 bcm of gas a year from Azerbaijan and covers the rest of its needs, about 3 bcm per year, through LNG imports from neighbouring Greece.