Bulgarian Prime Minister Kiril Petkov said that the cost of gas will be lower than the price of Gazprom.

The first two tankers with liquefied gas from the USA for Bulgaria will arrive in June; the cost of gas will be lower than the price of Gazprom. This was announced on Wednesday evening, immediately after returning from the United States, by Bulgarian Prime Minister Kiril Petkov. His statement was broadcast by the Bulgarian National Television.

“It was a fruitful visit, including we talked about gas supplies. Already in June, the first tankers with gas will arrive, which will be at a price slightly lower than the cost of gas from Gazprom. We have started negotiations on the conclusion of a long-term contract; the cost of gas in it will be even lower. I will not name the exact prices yet. The delivery route is being specified; probably the gas will go through terminals in Greece or Turkey. Bulgargaz will conclude a supply agreement with an American company, there will be no intermediaries,” the Prime Minister said.

“The real price we agreed on is lower than the market price and lower than Gazprom’s price, this is very important because we want to have the lowest prices so that our business has good competitive opportunities,” Petkov added.

“The official contract on the first delivery of liquefied natural gas will be signed in the coming days, and the preparation of a long-term contract will take longer,” the Prime Minister said, adding that work on the delivery of gas from Azerbaijan is also continuing.

Earlier, Bulgarian President Rumen Radev commented on the news about the supply of liquefied gas from the United States, stressing that any attempts to diversify gas supplies to the country should be welcomed. “Every experience of diversification in the energy sector should be supported, but I cannot comment on this deal without having precise parameters,” Radev said. “It is very important that the government looks for the most favorable conditions for Bulgaria, this concerns not only the price, but also the sustainability of supplies, so that Bulgarian businesses and other consumers can predict their costs.”