21.06.2024

This week, M-Gas Ltd. started the supply of natural gas from Azerbaijan. This was achieved thanks to the successful cooperation between M-Gas and SOCAR.

In May, M-Gas signed a contract to purchase natural gas from SOCAR, a global energy company based in Azerbaijan that specializes in the extraction, processing and distribution of energy resources. The first delivery under our European Federation of Energy Traders contract with the largest integrated energy company in the South Caucasus region was received on 18 June.

The gas delivered to all over 60 M-Gas customers from that date onwards originated in Azerbaijan. SOCAR has a significant global presence, underlining its importance in various international markets, and reaches major industrial customers in Bulgaria and the region through us.

“Securing access to Azerbaijani natural gas is an important milestone in optimising the business and increasing the efficiency of the value chain,” said the two companies.

M-Gas, one of the pioneers in the sale of compressed natural gas as a transportation fuel and in the supply and sale of natural gas for business production needs, plans to further deepen its work with SOCAR, the largest integrated energy company in the South Caucasus region, and supply gas to companies across a broad spectrum of the economy.

M-Gas is ready to offer direct natural gas supplies to businesses connected to the gas distribution network for the calendar year 2025. The company holds licences in Bulgaria, Romania, Serbia, Greece, Croatia and Hungary.