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

Representatives of BOTAŞ are coming to Bulgaria for a meeting with Bulgargaz

Photo: BNR-archive

Representatives of the Turkish energy company BOTAŞ are coming to Bulgaria for negotiations with Bulgargaz regarding Bulgaria's request to review the agreement between the two companies. This was one of the topics discussed by Bulgaria’s Minister of Energy Vladimir Malinov and his Turkish counterpart Alparlslan Bayraktar at a meeting in Istanbul a week ago.

On April 19, 2024, Bulgaria’s National Assembly tasked the Minister of Energy with taking the necessary steps to renegotiate the agreement between Bulgargaz and BOTAŞ for reserving access to Turkish LNG terminals. The agreement obliges Bulgaria to pay over 4 billion Leva (more than EUR 2 billion), even if no gas is imported from Turkiye. In its current form, the contract could lead to the bankruptcy of Bulgargaz. However, according to BOTAŞ, the proposed changes to the contract would "disrupt the basic dynamics of the agreement and would make its implementation impossible''. The agreement was signed in early 2023 by the caretaker cabinet headed by Prime Minister Galab Donev.



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

Borislav Sarafov

Borislav Sarafov has the qualities to be elected Prosecutor General

Borislav Sarafov meets all the requirements and has the qualities to be elected Prosecutor General. This position was taken by the committees on attestation and competitions and on professional ethics at the Prosecutors College of the..

published on 11/26/24 1:18 PM

The first statue found at Heraclea Sintica probably depicts the grandson of Emperor Octavian Augustus

The first marble statue discovered in the ancient city of Heraclea Sintica on 3 July,  is probably of Lucius – grandson of Roman Emperor Octavian Augustus, announced Prof. Lyudmil Vagalinski who is in charge of the excavations...

published on 11/26/24 10:30 AM

Rumen Radev in Vietnam: Wise diplomacy can prevent war

President Rumen Radev, who is paying an official visit to Vietnam, delivered a lecture on the occasion of the 75 th anniversary since the establishment of diplomatic relations between the two countries at the Diplomatic Academy of the Ministry of..

published on 11/26/24 9:30 AM