Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

There is no breach of Bulgaria’s interest in the gas deal with the Turkish company Botas, energy minister says

Energy Ministrer Rumen Radev
Photo: BTA

Price formation under the agreement between the Bulgarian Bulgargaz and the Turkish state-owned oil and gas company Botas is not detrimental to the Bulgarian state or to the Bulgarian public provider, Energy Minister Rumen Radev said during a hearing in parliament, in answer to a question about the agreement between the two companies signed, on the Bulgarian side by the previous caretaker cabinet, on 3 January, 2023.

In his words, Bulgargaz has clear control of the origin of the natural gas via the certificates it receives directly from the gas trader, not from Botas, but the agreement is in effect until 2035, and the conditions for its termination are severe. There are quite a few binding commitments under the agreement between Bulgargaz and Botas, but there is also a certain amount of freedom which we are hoping will allow Bulgaria to negotiate better conditions during the current negotiations with the Turkish company, Minister Radev said. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM