Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Terminating the Botas contract would cost over €2 billion, says Energy Minister says Stankov

Photo: BNR Archive

By the end of the year, Bulgargaz will have to pay an additional €10 million under the contract with Botas due to indexation. This information was reported by BGNES and confirmed by Energy Minister Zhecho Stankov.


During the caretaker government of Galab Donev, appointed by President Rumen Radev, Bulgaria signed a €2 billion, 13-year contract with the Turkish company to receive LNG through Turkish terminals. The document obliges Bulgaria to pay €500,000 per day, even if the full capacity is not utilised.


Mr Stankov said that the government's attempts to renegotiate the terms of the contract with Botas are ongoing, but have not yet yielded any results. 'This contract is generating expenses for a service we are not using,' he said, adding that 'we do not need it today or for the next 13 years.' He added that the document does not contain a termination clause unless the full amount, which exceeds two billion euros, is paid.


Edited by Diana Tsankova

Published and translated by E. Radkova




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

Chirpan Tunnel on the Plovdiv-Burgas railway line to be ready by the end of 2026

Prokopan is the only railway tunnel on the Plovdiv-Burgas line. This became clear during a visit by Deputy Minister of Transport Lyuben Nanov, who was on-site to see the progress in the modernization of the Orizovo-Mihaylovo railway section. The..

published on 11/4/25 6:34 PM

Unemployment benefits in Sofia go above the minimum wage

Unemployment benefits in Sofia continue to be above the minimum wage, according to the latest data from the National Social Security Institute. It is the highest in the country and is on average 1,145 leva (585.43 EUR).  The lowest unemployment..

published on 11/4/25 3:48 PM

"Yes, Bulgaria" political party defines Budget 2026 as an "economic tsunami"

"Yes, Bulgaria" party (part of "Democratic Bulgaria") have defined the budget for next year as an "economic tsunami". MP Ivaylo Mirchev was firm that the pary will oppose it when the project comes up for discussion in parliament.  "Yesterday we were..

published on 11/4/25 3:33 PM