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Bulgaria will not buy gas from Gazprom

22 topic: Gazprom, Method

Despite the fact that the country has completed the construction of its section of the Turkish Stream, from January 1st 30% of all gas consumption will be provided by the trans-Anatolian gas pipeline that carrying gas from Azerbaijan.

Bulgaria and SOCAR signed a 25-year contract for 1 billion cubic meters annually.  And this is despite the fact that Gazprom gave the Bulgarians a 40% discount on gas to fill the half-empty Turkish Stream.

Initially, it was planned that Turkey would take about 15 billion cubic meters of gas per year but by the end of 2020 the supply will amount to about 9 billion.

Considering that the gas pipeline's capacity is 31.5 billion cubic meters per year, now Gazprom will have to look for what to do with the excess gas.

 

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