Bulgaria’s Domestic Gas Production to Cover 34% of Gas Needs by 2016
In two years’ time, 34% of Bulgaria’s gas needs will be covered through local production, according to a forecast of state-owned gas transmission operator Bulgartransgaz.
The forecast is included in the 10-year gas grid development plan of the company which is to be reviewed and approved by the State Commission for Energy and Water Regulation (DKEVR) next week, according to econ.bg.
In 2016, Bulgaria’s annual consumption is to amount to 3,850 billion cubic meters of gas, compared to a current rate of 2,960 billion cubic meters of gas, according to Bulgartransgaz.
Bulgaria’s gas production is to increase to 1.3 billion cubic meters of gas, compared to a current rate of 230 million cubic meters of gas, with domestic output expected to jump to 800 million cubic meters of gas in 2015.
The anticipated increase in local gas production is explained with the increase in the number of new concession contracts for gas field exploration.