Overgas

"We are not closing the Gazprom chapter as long as there are guarantees that there will be no risks for Bulgargaz if the conditions change."

This is what the Chairman of the Board of Directors of Bulgargaz, Ivan Topchiyski, told Nova today. The state company is a public supplier and is responsible for the security of receiving blue fuel in Bulgaria.

The price of natural gas in Bulgaria in June will be lower than in May.

This became clear after the Energy and Water Regulatory Commission (EWR) published the proposal of the state supplier Bulgargaz, proposing that the price of gas for June be BGN 141.28 / MWh.

For May, EWRC approved the price of natural gas of BGN 162.17 / MWh.

Moscow and Brussels shook hands in agreement to fundamentally change the gas policy of Russia in relation to certain former satellite countries to the Soviet Union, now part of the EU, according to BNR.

Bulgaria's biggest private gas supplier Overgas has signed a new deliveries contract that gives it gas from the biggest state company.

Bulgargaz will pump BGN 300 million cubic meters of gas to the private company, allowing it to meet the needs of 60 000 households and 3000 public and industrial consumers.

Bulgaria's biggest private gas supplier Overgas is challenging actions of Russian energy giant Gazprom in court, three months after the company faced a halt in deliveries.

At the end of December, Gazprom stopped supplying Overgas over what the Russian Foreign Ministry describes as ongoing commercial issues.

The European Commission has requested Gazprom to provide information related to allegations of abuse of the Russian company's dominant position in the Bulgarian wholesale gas market, Reuters reported on Tuesday.

The head of private gas supplier Overgas on Sunday he would talk to Russian energy officials in the beginning of the week.

His first briefing for the media comes after developments in late December, when Bulgarian authorities announced Gazprom was halting supplies to Overgas on January 01.

Bulgaria's largest private gas supplier Overgas wrote a letter to the European Commission in December voicing his suspicion that Russia is seeking to "reanimate the South Stream project", Brussels-based website EurActiv claims.

The decision of Russia's Gazprom to halt gas supplies to Bulgaria's Overgas "provided insight into the broader strategies of the Russian gas monopoly in Bulgaria, and the local interests involved," reads an article published by EurActiv.com on Wednesday

You can read the whole article here.

The Energy and Water Regulatory Commission (KEVR) announced on Wednesday that it is launching an inspection into Bulgaria's largest gas company Overgas.

The extraordinary inspection will examine the implementation of the company's licence obligations and the financial state of Overgas.