Gastrade SA on Friday announced the launch of the second stage of the market test for the Alexandroupoli liquefied natural gas terminal it is developing. This is the binding bids phase for capacity reservations in the project.
Companies that have already expressed an interest in the first stage of the market test are eligible to submit binding offers to Gastrade.
The Bulgarian government on Thursday approved the participation of the country's main energy company, Bulgartransrgaz, in the LNG gas terminal in Greece, in a move designed to reduce its dependence on gas from Russia.
Bulgaria's share of the terminal located in northern Greece, offshore from Alexandropolis, will be 20 per cent.
A large reserve of natural gas off the southern coast of the island of Crete bearing similar features to Egypt's Zohr gas field and Israel's Leviathan in the Eastern Mediterranean has been identified by Hellenic Hydrocarbon Resources Management (EDEY) after an analysis of seismic data from a sea area that also included the Ionian Sea.
Bulgaria will buy a 20 percent stake in a liquefied natural gas (LNG) terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected to be the main suppliers of LNG for the facility.