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Bulgarian Energy Holding replaces all members of Bulgargaz management board

| updated on 1/29/22 1:34 PM
Photo: bulgargaz.bg

Following a decision by the Bulgarian Energy Holding, the entire management of Bulgargaz has been replaced. In recent months, the board of directors of Bulgargaz has been accused of failing to provide the quantities of Azerbaijani gas contained in the contract, which would reduce the price for end users in Bulgaria.

In an interview with Darik Radio, Bulgaria's Prime Minister Kiril Petkov said the decision was made by the energy holding company and the energy minister. He welcomed the change of leadership and stressed that the board of Bulgargaz missed opportunities for lower gas supply prices, which led to a 39 percent increase in gas prices for Bulgaria.

It is not yet clear whether the fired members of the gas company's board will appeal the decision of the Bulgarian Energy Holding.



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