SOCAR starts gas supplies to Bulgarian industrial enterprises

Azerbaijan’s state oil company, SOCAR, on Friday announced the commencement of natural gas supplies to Bulgarian industrial enterprises through M-Gaz and Asarel Medet.

This move marks an important step towards strengthening Bulgaria's energy security, SOCAR said in a statement, News.Az reports.

The natural gas supplies are carried out following the agreement between the governments of Azerbaijan and Bulgaria on various directions, including further development of cooperation in the energy sector (signed in Baku on May 8), as well as based on the strategy of expanding SOCAR's commercial participation in the European gas market.

"As a result of successful cooperation between SOCAR and Bulgarian companies M-Gas and Assarel Medet, natural gas supplies to Bulgarian industrial enterprises started on June 21. This is an important step towards strengthening the energy security of this European country," the statement says.

Bulgaria has been receiving Azerbaijani gas since January 2021. The supply is anticipated to reach 1.5 bcm per year in 2024.

News.Az