To ensure the fulfillment of customer demands for the autumn-winter period of 2024-2025, Bulgartransgaz, the Bulgarian natural gas transmission system operator, has initiated tender procedures for the supply of five LNG cargoes, totaling 5,000,000 MWh. These deliveries will be sourced from the capacity reserved by Bulgartransgaz at the Alexandroupoli LNG terminal in Greece.
Tender participants are required to submit price proposals based on the TTF index, with evaluations and rankings conducted according to the methodology outlined in the tender documents. The Alexandroupoli LNG terminal is scheduled to commence operations on October 1, marking the beginning of the new gas year. Bulgarian Caretaker Minister of Energy Vladimir Malinov previously announced that after resolving a technical defect related to the LNG regasification platform, the terminal is now set for operation. By August 15, companies supplying LNG to the terminal are expected to declare their cargo quantities, with exact delivery slots to be allocated by the end of August.
The Alexandroupoli terminal is operated by the Gastrade consortium, which includes the Copelouzos Group, Gaslog, DEPA Trade, Bulgartransgaz, and the Greek gas transmission system operator DESFA, each holding a 20% stake. The terminal’s floating storage and regasification unit (FSRU) has a capacity of 153,500 cubic meters of LNG and will be connected to the Greek gas network via a 28-kilometer pipeline. This infrastructure will facilitate the distribution of gasified LNG to markets in Greece, Bulgaria, Romania, Serbia, North Macedonia, Hungary, Moldova, and Ukraine.
