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

Bulgargaz continues to negotiate changes to the contract with Turkey's BOTAŞ

Photo: BGNES

Representatives of Bulgargaz and the Turkish company BOTAŞ held another round of negotiations in Sofia regarding the agreement between the two companies. Earlier, the National Assembly mandated the Minister of Energy to renegotiate the agreement in order to preserve the financial stability of Bulgargaz. The management of the company will inform the Minister of Energy about the results of the meeting as soon as possible, the state gas supplier Bulgargaz told the media.

Under the agreement signed in early 2023 by Galab Donev's caretaker cabinet, Bulgaria committed to paying over 4 billion BGN (more than EUR 2 billion) for reserving access to Turkish LNG terminals, even if no gas is imported from Turkiye. In an interview with BNT today, Minister of Energy Vladimir Malinov stated that Bulgaria will definitely try to to renegotiate the financial and economic terms of the contract with BOTAŞ, whose implementation is now a serious financial burden for Bulgargaz. He noted that the gas supplier is in a difficult financial situation, with losses of about 200 million BGN for the first half of the year.



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

Atanas Ilkov

Reports of election violations continue a week after polls, interior minister says

The Ministry of the Interior is working on a detailed report on the early parliamentary elections held on 27 October this year. It will include the latest data from the Ministry, the State Agency for National Security (SANS) and the Prosecutor's Office,..

published on 11/9/24 10:46 AM

Protest, counter-protest outside National Theatre over John Malkovich production 

A second night of protests took place outside the Ivan Vazov National Theatre in Sofia, but this time there were no physical confrontations. The protest was again over George Bernard Shaw's play Arms and the Man, directed by John Malkovich. Protest..

published on 11/9/24 9:58 AM

Weather forecast: Temperatures drop over the weekend

On Saturday the clouds will continue to increase, and by the end of the day, will be considerable. In the evening there will be rain in the Northeastern part of the country. There will be a moderate wind which will turn from the North-Northwest and..

published on 11/8/24 6:15 PM