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ECONOMICS
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Bulgaria boosts gas imports from Azerbaijan

02 July 2023 12:00

Bulgaria has imported 74.8 million cubic metres of natural gas from Azerbaijan in April 2023, as compared to 44.5 million cubic metres in March 2023, Eurostat, the statistical office of the European Union, told Trend.

As such, the country’s gas imports from Azerbaijan rose by more than 68 per cent month-on-month.

The value of gas supplies stood at 29,873,543 euros in April, compared to 30,492,637 euros in March, showing more than 2 per cent decrease.

Bulgaria started importing gas from Azerbaijan via the Interconnector Greece-Bulgaria (IGB) which was put into operation on October 1, 2022. The contracted volume of gas supplies via this interconnector is 1 billion cubic metres per year. The total capacity of IGB is 3 billion cubic metres, expandable to 5 billion cubic metres per year.

Azerbaijan exports gas to Europe via the Trans Adriatic Pipeline, the final leg of the Southern Gas Corridor. The initial capacity of TAP is 10 billion cubic meters expandable to 20 billion cubic meters per year.

 

 

 

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