Friday, 13 August 2010

Azerbaijan to supply gas to Bulgaria

A Bulgarian-Azerbaijani committee met in Baku this week to discuss the development of a Black Sea route to export natural gas from Azerbaijan to Bulgaria. The project is expected to be completed before 2013, said Bulgaeria's Bulgartransgaz director Ivan Drenovichki.

The committee discussed the options for shipping compressed natural gas to Bulgaria with the participation of Bulgartransgaz, SOCAR and the Shah Deniz consortium represented by Statoil, BP and Total. It is expected that Bulgaria will export some of the gas onward to other European detonations.

Once the all the work is completed Bulgaria is expected to be receiving two billion m³ of natural gas a year, securing as much as 50 per cent of its natural gas consumption with supplies from Azerbaijan.

Source: News Azerbaijan

For more news and expert analysis about the Caspian region, please see Caspian Focus.

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