Bulgaria’s Domestic Gas Production to Cover 34% of Gas Needs by 2016

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.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.