Bulgargaz, DEPA Sign Mutual Assistance Framework Agreement

Bulgargaz, DEPA Sign Mutual Assistance Framework Agreement

Bulgaria's state-owned gas utility Bulgargaz said on Thursday it has signed a framework agreement with its Greek counterpart DEPA on mutual assistance in the event of natural gas shortages in either of the two countries resulting from extraordinary conditions.

The framework agreement envisages common reaction to natural gas shortages, as the specific parametres are to be specified further, Bulgargaz said without elaborating.

Under the agreement, DEPA will supply natural gas to the Bulgarian network provided that smooth supplies to the Greek market are not upset, the Athens News Agency has reported.

DEPA and Bulgargaz are partners in the construction of Greece-Bulgaria (IGB) pipeline which is expected to start in the last quarter of this year.

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