Sofia agreed with Baku on the exchange of electricity for gas
The Bulgarian authorities agreed with Azerbaijan on the exchange of electricity for gas. In addition, Bulgaria is negotiating with Gazprom on gas supplies, and is also looking for alternative sources. “The problem is that all countries are looking, and Azerbaijan is under great pressure,” the head of the Ministry of Economy emphasized
Bulgaria and Azerbaijan discussed the issue of gas supplies in exchange for electricity, as well as increasing the volume of supplies through the southern gas corridor in the long term. This was stated by the Minister of Economy and Industry of the country's technical government, Nikola Stoyanov, in an interview with the Bulgarian National Television.
“They [Azerbaijan] produce electricity from gas, and we are a major producer of electricity, we export and have overproduction. There is such a possibility: we can provide them with electricity, and they, instead of producing it, — the gas they save to give it to us, — the minister explained.
According to him, the Azerbaijani side confirmed that Sofia can expect to fulfill the contract for 1 billion cubic meters. m per year in full.
In the long term, it is planned to expand the southern gas corridor, which will allow Bulgaria to receive an additional 1 billion cubic meters from Azerbaijan in three to four years. m of gas per year, stressed Stoyanov.
“They offered us, as a traditional partner, to keep us from expanding a small part. This means that we will have 1 billion cubic meters. m of gas per year on the basis of a long-term agreement with Azerbaijan, which will be about 60% of our needs— about 3.5 billion a year, — the minister explained.
Experts from the Energy Ministry of Bulgaria will continue negotiations with Azerbaijan, including on price, quantity and other details. In addition, during the negotiations, Sofia and Baku discussed the possibility of obtaining additional volumes of gas this winter.
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“Negotiations are also underway with Gazprom, but no one knows what will happen, and therefore they are looking for opportunities to provide gas to Bulgarian businesses and citizens. We are looking for ways to get even more gas by winter, but the problem is that all countries are looking, and Azerbaijan is under a lot of pressure,— Stoyanov noted.
In April, Bulgaria refused to pay for fuel according to the scheme proposed by the official Moscow, which involved opening a ruble account with Gazprombank. “Gazprom” in response, he stopped gas supplies to the republic.
At the same time, the Russian Ambassador to Sofia, Eleonora Mitrofanova, said that the Gazprom contract with Bulgaria is valid until the end of this year, and Moscow is ready to restore fuel supplies.
Sofia at that time announced its intention to buy gas from the United States under more profitable contracts, and also concluded an agreement with Azerbaijan on pumping through the IGB gas pipeline. However, in mid-August, the Acting Minister of Energy of the provisional government of the republic, Rosen Khristov, announced that the volume of gas received from alternative suppliers was insufficient.
On August 26, the Bulgarian authorities decided to resume negotiations on Russian gas supplies. The interim government of Bulgaria has specified that it will not negotiate a new short-term, medium-term or long-term contract with Gazprom Export, the dialogue will be held only within the framework of the existing agreement.
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