Gas Supplies for Bulgarian Kremikovtzi Cut in May

Business » ENERGY | April 23, 2009, Thursday // 14:14
Bulgaria: Gas Supplies for Bulgarian Kremikovtzi Cut in May Kremikovtzi future looks increasingly gloomy amidst workers' rallies over pay and the pulling out of investors. Photo by BGNES

State gas monopoly Bulgargaz said it will cut gas supplies to Kremikovtzi steel mill after the holidays at the beginning of May.

The distribution firm had warned it would cut off deliveries over unpaid bills, closing the smelter's major production units.

"We can't continue to maintain the lethargy of the mill. At the beginning of April we were told that the future investor will be known in a week. Nothing happened. This can go on for months, but we are not able to supply gas if nobody pays," Dimitar Gogov, Bulgartgaz Executive Director, told Darik radio.

Kremikovtzi future looks increasingly gloomy amidst workers' rallies over pay and the pulling out of investors.

At the beginning of April Bulgaria's Economy Minister Petar Dimitrov set a seven-day deadline for reaching a tolling deal to buy coke from Kremikovtzi with the Brazilian giant CSN.

That was the only reason why state gas monopoly Bulgargaz decided not to cut gas supplies to Kremikovtzi over unpaid bills.

Should gas supplies be cut off, the total shutdown of the company except for the final units in the production chain is very likely.

 

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Kremikovtzi

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria