State-owned Bulgarian and Turkish companies Bulgargaz and Botas have signed an agreement that will grant access to the Turkish transmission system to transfer up to 1.5 billion cubic metres (bcm) per year of liquefied natural gas (LNG) to Bulgaria.
Set to last for 13 years, the agreement aims to make a ‘great contribution to the natural gas supply security of Europe, and especially Bulgaria,’ according to Fatih Donmez, Turkish Energy Minister.
Turkey’s five LNG terminals, primarily its Saros floating storage and regasification unit (FSRU) will play a key role in the deal.
Currently under construction at the north-eastern shore of the Gulf of Saros in Turkey, the FSRU will be used for converting LNG imported by LNG carriers back to natural gas before the gas is transferred into the national pipeline network system.
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