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Stoyan Yanchev will be the new Chief Executive Offier of Bulgargaz, the country's public natural gas supplier, the Bulgarian National Radio reports.
The shift is caused by President Rumen Radev's decision to include incumbent Nikolay Pavlov in the interim government that will take over on Friday.
Bulgargaz EAD is a wholly owned subsidiary of the Bulgarian Energy Holding, a grouping of state-owned assets in the energy sector.
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Bulgargaz and Bulgartransgaz are going to send next week their positions regarding the antitrust case of the European Commission against the Russian Company Gazprom, said Nikolay Pavlov, caretaker Minister of Energy, according to BNR.
''The price of natural gas, which this country buys from Russia’s Gazprom to be renegotiated each year, while for the first two years, this renegotiating to be made once each six months.
Bulgaria may need more time to respond to concessions proposed by Russian gas giant Gazprom in an EU antitrust case, its energy minister says, adding that while Sofia see the concessions as positive it will like to see them expanded, Business Day writes,
Caretaker Energy Minister Nikolay Pavlov has said that state energy companies Bulgargaz, Bulgartransgaz and the Bulgarian Energy Holding have already drawn up a position on commitments proposed by Gazprom in the case with the European Commission, BNR repo
The construction of the gas link between Bulgaria and Greece is expected to start in the beginning of 2018, stated interim Energy Minister Nikolay Pavlov in Azerbaijan.
State-Owned gas supplier Bulgargaz has said it may demand in increase in the price of gas paid by its customers as of the beginning of 2017.
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
