BAKU, Azerbaijan, March 4. Azerbaijani gas
plays a stabilizing role during periods of market volatility,
Bulgaria’s Energy Ministry said, Trend reports.


According to the ministry, nearly 40% of Bulgaria’s natural gas
consumption is currently supplied by Azerbaijan under a 25-year
contract.


“This agreement guarantees predictability, security of supply
and pricing terms among the most competitive in Europe. During
periods of market instability, Azerbaijani gas performs a
stabilizing function — deliveries continue without interruption,
and contractual parameters limit the impact of sharp price
fluctuations. This means less pressure on businesses and
households, greater economic resilience, and the preservation of
the competitiveness of Bulgarian industry,” the ministry said.


The ministry noted that with the commissioning of the
Interconnector Greece–Bulgaria in October 2022, the country became
an integral part of the Southern Gas Corridor infrastructure
linking the Caspian region with European markets.


“Connectivity provides flexibility in times of crisis, access to
diverse sources and more efficient use of transit potential. For
Bulgaria, this means not only secure supplies but also an active
role in managing gas flows in the region,” the ministry said.







The statement also cited acting Bulgarian Energy Minister
Traycho Traykov, speaking at the 12th Ministerial Meeting of the
Southern Gas Corridor Advisory Council and the 4th Ministerial
Meeting of the Green Energy Advisory Council in Baku on March
3.


“Amid ongoing energy shocks, high exchange prices and
geopolitical uncertainty, the Southern Gas Corridor is a key factor
for the stability of Bulgaria and Southeast Europe,” he said.


Traykov noted that the development of regional gas
infrastructure and Bulgaria’s long-term partnership with Azerbaijan
on natural gas supplies are important conditions for enhancing
energy security and diversifying sources and routes.


“In crises like the current one, strategic partnerships
demonstrate their true value. Azerbaijan is a reliable long-term
partner and the backbone of our energy stability,” the minister
said.