Bulgaria Increasing Capacities for Storage of Liquefied Natural Gas – Serbia Could Benefit Too

Source: Beta Sunday, 03.12.2023. 11:19
(Photo: Shutterstock/Aerial-motion)
Bulgarian gas transmission operator Bulgartransgaz will analyze all opportunities for investment in a second LNG terminal in Greece, Bulgartransgaz Executive Director Vladimir Malinov said, adding that the entire region would benefit from the planned projects.

Bulgartransgaz owns 20% of the Alexandroupolis LNG terminal, which is under construction and is expected to go into operation in early 2024.

During the 23rd World LNG Summit & Awards held in Athens, which brought together representatives of leading international gas companies, Vladimir Malinov said that LNG had a crucial role and that its share in the energy mix was expected to continue to grow, Bulgartransgaz announced, as reported by the Bulgarian news agency BTA.

At the gathering, US Ambassador in Greece George Tsunis and Malinov confirmed that the floating storage regasification unit (FSRU) had left Keppel Corporation's shipyard in Singapore and that it was expected to arrive in Alexandroupolis in mid-December.

Malinov said that the gas transmission operators along the Vertical Gas Corridor, which goes from the south, from Greece, toward Northern Europe, through Bulgaria, Romania, Hungary and Slovakia, were developing incremental capacity projects to meet the increased interest in transporting natural gas from south to north.

– Connecting the gas transmission networks of Greece, Bulgaria, Romania and Hungary and providing a technical capability for bi-directional natural gas transmission will enable the transport of additional LNG quantities to be increased in the most efficient way – Malinov added.

He is further quoted as saying that the expansion of the underground gas storage facility in Chiren, a Bulgarian village to the north of Sofia, is expected to be completed by the end of 2024 in order to fully meet the needs of the market.

The media announced earlier that the daily capacity of the injection of gas into the Chiren storage facility, following the reconstruction, should increase from 3.62 to 8 million cubic meters, whereas the capacity of extraction should increase from 3.82 to 10 million cubic meters.

– The synergy of the Vertical Gas Corridor projects, the Alexandroupolis terminal and the Chiren expansion will provide the necessary conditions for supplying larger volumes of LNG not only to the Greek and Bulgarian markets, but also to the entire region, including Serbia, North Macedonia, Ukraine and Moldova – Malinov said.

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