Borissov-Linked Company Seeks to Acquire Gazprom Stations in Bulgaria?
According to the opposition political party "Revival", Gazprom is in the process of selling its network of gas stations in Bulgaria
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Photo by EPA/BGNES
The Board of Directors of Russian energy giant Gazprom decided on September 10 to inject EUR 100 M into the capital of the South Stream Transport joint venture.
The move was reported by the press office of Gazprom, as cited by ITAR-TASS.
South Stream Transport B.V. is a joint venture tasked with the planning, construction and exploitation of the offshore section of the South Stream gas pipeline
Gazprom controls 50% of the joint venture, Italian Eni has a 20% stake and French EDF and German Wintershall own 15% stakes each.
The offshore section of the South Stream gas pipeline consists of 4 pipeline strings, each of them with a length of over 930 km.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began