Supported byClarion Energy
HomeGasBulgaria discloses BOTAS...

Bulgaria discloses BOTAS LNG volumes as contract payment data stays unreleased

Bulgargaz has published LNG delivery volumes handled through BOTAS Turkish terminals under its 13-year agreement, while payment information remains withheld. The Bulgarian state supplier disclosed the physical volumes but did not release contract payment data that is at the centre of a dispute.

LNG volumes delivered via Turkish terminals

Deliveries under the arrangement increased from 664,438 MWh in 2023 to 3.34 million MWh in 2024 and 4.38 million MWh in 2025. The volumes corresponded to about 2.5%, 12% and 15.8% of Bulgaria’s annual gas consumption in those years. Their contribution to total imports was smaller, at below 1% in 2023, below 4% in 2024 and 5.4% in 2025.

Court ruling and BOTAS position on financial disclosure

Bulgargaz said BOTAS opposed publication of the financial data despite a Sofia Administrative Court decision. The ruling required disclosure of both delivery volumes and payments on public-interest grounds.

Reserved-capacity cost estimates and arrears

Earlier estimates cited in the report placed reserved-capacity costs at around €500,000 per day. Those figures were described as potentially rising to €550,000 in 2026 and €600,000 in 2027. Separately, President Rumen Radev said Bulgaria owed BOTAS around $360 million, with arrears building from July 2024.

Status of the BOTAS contract and renegotiation timeline

The contract was signed by a caretaker government in 2023 and has also been referred to a prosecutor’s investigation. In July, Bulgaria and BOTAS agreed to suspend implementation for 15 months while terms are renegotiated.

The publication of physical volumes addresses part of the debate over the agreement. The broader question of total costs for securing Turkish terminal and network access relative to gas actually used remains unresolved.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Bulgaria’s day-ahead power trading rises as August prices surge

Trading activity on Bulgaria’s day-ahead electricity market increased in August, with both traded volumes and wholesale prices rising sharply compared with July. A total of 3.03 TWh was traded on the Independent Bulgarian Energy Exchange (IBEX) day-ahead segment, representing a...

Bulgaria power surplus expands on stronger hydropower and renewables

Production and demand trends to Sept. 6 Bulgaria’s electricity production increased 9.65% year on year to 30.64 TWh between Jan. 1 and Sept. 6, according to data from Bulgaria’s Electricity System Operator. Domestic consumption rose 7.77% to 28.04 TWh over...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in fuel costs across Southeast Europe ahead of the autumn heating season. TTF rises as LNG supply...
Supported byVirtu Energy