Bulgaria will increase imports of Azerbaijani gas from October of this year, said Bulgargaz's CEO Nikolay Pavlov, APA-Economics reports citing Reuters.
Bulgaria imports about 3 billion cubic meters (bcm) of gas per year. Pavlov said the country will be increasing the imports of Azeri gas from October to mitigate the impact of surging global gas prices.
The country has been tapping only a fraction of its contract to import 1 bcm of gas per year from Azerbaijan, as the pipeline through which the gas should be shipped to Bulgaria is still under construction and is expected to become operational next July.
Since January, Bulgaria has imported some 225 mcm of Azeri gas, or about one-fourth of its contract. This amount is expected to rise to one-third as of October.