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
Austrian oil and gas company OMV has said it continues consultations with Russian energy giant Gazprom on the South Stream gas pipeline project.
According to a media statement of the company, as cited by TASS, talks between OMV and Gazprom are ongoing.
Sapiem had been contracted to carry out a major part of the South Stream pipeline work in the Black Sea.
Earlier, OMV CEO Gerhard Roiss said Gazprom had not consulted OMV before announcing the suspension of the gas pipeline project.
Roiss also made clear that he expected talks between OMV and Gazprom on the South Stream.
Russian President Vladimir Putin declared in Ankara on December 1 that Russia was dropping the South Stream gas pipeline project.
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