Bulgaria’s Overgas Claims It Has No Overdue Debts to Gazprom

Business » ENERGY | January 2, 2016, Saturday // 15:48
Bulgaria: Bulgaria’s Overgas Claims It Has No Overdue Debts to Gazprom

The Bulgarian-Russian natural gas company Overgas claimed on Saturday that it has no overdue debts to any organizations, including Gazprom Export.

This statement comes in response to the dispute between Overgas and Gazprom, which threatened to leave the customers of the former without gas supplies from January 1.

On Wednesday, Bulgarian officials announced that they had received a copy of a letter from Gazprom informing Overgas that the Russian energy giant will halt gas supplies to the private company starting from January 1.

Overgas claimed that it had not received such a letter.

Following several extraordinary meetings on energy issues convened by Bulgarian Prime Minister Boyko Borisov, a solution to the crisis was found.

On Thursday, state-owned Bulgargaz and Overgas reached an agreement that the former will provide gas supplies to the customers of the latter.

Earlier on Thursday, the Russian foreign ministry had assured that it will not halt gas supplies to Bulgaria.

As of Friday, gas supplies to all consumers in Bulgaria were running normally although reports suggested that Gazprom had halted them at midnight on January 1.

The most likely causes for the dispute are overdue payments and unsettled commercial issues between Overgas and Gazprom.

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Tags: Boyko Borisov, natural gas, Gazprom, Bulgargaz, Overgas, Bulgaria, energy

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