Text size

EU finds no competition violation in Botas deal

published on 12/21/24 4:04 PM

Photo: BNR-archive

The European Commission's Directorate-General for Competition has notified Bulgargaz and Bulgartransgaz that the case on the agreements concluded between the Bulgarian companies and the Turkish energy company Botas has been closed and no competition violations have been found.

In October 2023, the EU opened a case to investigate whether EU competition rules were violated by the deal concluded at the end of 2022 for the supply of liquefied natural gas from terminals in Turkey and the reservation of capacity at interconnection points between Bulgaria and Turkey.

The commercial parameters in the contracts were not checked, Brussels said. The temporary parliamentary committee in Bulgaria, which was established at the end of 2023 to verify the facts of the contract, found losses of $500,000 per day for the Bulgarian side from the Botas deal.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Botas Bulgargaz

More from category

Dead calm waters along Black Sea coast, sunbathers should be cautious

In recent days, there have been several fatal incidents of tourists drowning on the Southern Black Sea coast, reports BNT. The strong northeast wind and dead current pose risks to life, especially for inattentive tourists. On most..

published on 8/14/25 11:33 AM

Podkrepa trade union warns of a growing budget deficit

The growing risk of a high deficit ahead of the current and next budget requires timely, wise and sustainable decisions that should not lead to impoverishment of people, but to promoting the economy , states the Podkrepa Confederation of Lbour trade..

published on 8/14/25 11:19 AM

Fire near Kardzhali Dam poses threat to nearby villages

All night long, fire brigade teams and forest officials made every effort to prevent the large forest fire that broke out yesterday in the late afternoon near the Kardzhali Dam from spreading to the nearby villages of Ridovo and Snezhinkite. The fire..

published on 8/14/25 9:47 AM