Azerbaijan Ready to Invest in Bulgaria’s Gasification
Wednesday, 17 January 2018
Azerbaijan, via its state energy company SOCAR, is ready to engage in Bulgaria's gasification at its own expense. The statement was made by the President of Azerbaijan Ilham Aliyev on the occasion of a visit by the Prime Minister of Bulgaria Boyko Borissov to the central Asian country, EurActiv reports.
More than ten years ago, Bulgaria was the first EU country to commit to buy 1 billion cubic meeers of Azeri gas per year as soon as the Southern Gas Corridor will come upstream, possibly in 2020. This represents roughly one third of Bulgaria’s annual consumption. So far Russia’s Gazprom has a de facto monopoly on Bulgaria’s gas supply.