HomeMagazine2022August 2022, Vol. 249, No. 8South East Europe, Balkans Get Ready for US LNG Shipments

August 2022, Vol. 249, No. 8

Features

South East Europe, Balkans Get Ready for US LNG Shipments

By Andreas Walstad, P&GJ European Correspondent   (P&GJ) — The 105 Bcf/year (3 Bcm/year) Interconnector Greece Bulgaria (IGB) pipeline is expected, after long delays, to become operational this autumn, allowing Bulgaria to access more LNG via Greece. The timing could not have been better; Gazprom recently cut off all supplies to Bulgaria following Sofia’s refusal to pay for Russian gas in rubles. U.S. LNG is positioned to replace a chunk of the Russian gas in the region. Two cargoes arrived in June and at a price lower than what Bulgaria used to pay Gazprom for piped gas, according to a statement by Bulgarian Prime Minister Kiril Petkov and

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