SOCAR, Bulgarian companies sign gas coop agreements

Bulgaria and Azerbaijan have signed two gas cooperation agreements, according to a media statement of the Ministry of Economy and Energy.

Under a memorandum between Bulgarian gas transmission operator Bulgartransgaz and the State Oil Company of the Azerbaijan Republic (SOCAR), the two companies will conduct joint exploration activities for the expansion of the Bulgarian underground gas storage near Chiren.

The other document is a Letter of Intent which envisages talks between SOCAR and state-owned gas supplier Bulgargaz on gas deliveries to Bulgaria via the Greece-Bulgaria gas grid interconnection as of 2017.

The two documents were signed during the visit of Bulgarian President Rosen Plevneliev to Baku, where he attended the groundbreaking ceremony for the southern Gas Corridor.

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Bakudaily.Az