Bulgarian state-owned gas supplier Bulgargaz has selected two Greek companies – DEPA Trade and Mythilineos Group to deliver liquefied natural gas (LNG) to Bulgaria in the month of November.
The statement from the company said that there were thirteen bidders in an auction launched in late September, of which ten were invited to the second, binding round. In the second round, eight companies from the United States, Europe and Asia have submitted binding offers for a total LNG amount of 1,500,000 MWh.
Among these, DEPA Trade and Mytilineos, who have already secured storage and regasification slots at Greek Revythoussa LNG terminal, have been selected to supply LNG to Bulgaria.
Bulgargaz said that LNG was obtained at very competitive price, which will be reflected in the supplier’s proposal for wholesale gas price for November.
Last month, Bulgargaz launched three tenders for the delivery of liquefied natural gas (LNG). The first tender is for a short-term delivery of 1.5 million MWh for November and 2 million MWh for December, the second one for an annual delivery of 6 million MWh during the entire 2023, and the third for long-term bid for 10.6 million MWh annually for the period 2024-2034.