Gazprom's First Annual Loss in Decades Leads to Sale of Holiday Properties
Gazprom, Russia’s state-owned energy giant, has announced plans to sell several of its holiday resorts following its first annual loss in nearly 50 years
The head of private gas supplier Overgas on Sunday he would talk to Russian energy officials in the beginning of the week.
His first briefing for the media comes after developments in late December, when Bulgarian authorities announced Gazprom was halting supplies to Overgas on January 01.
Overgas and Bulgaria's state-owned supplier Bulgargaz then signed a contract providing emergency amounts of gas to the private company, which carries out deliveries to 55 000 households and more than 3000 businesses.
The Russian Foreign Ministry says Gazprom and Overgas have "commercial issues" to smooth out, but Overgas insists it has no overdue payments to the Russian energy giant or to any other company.
Overgas officials earlier argued there was a plot against the company orchestrated by someone seeking to steal its businesses.
On Sunday Donchev denied any conflict with Gazprom and made clear he would speak to company officials on Monday, when the Russian winter holidays are over.
Asked whether there was any pressure on him applied by the government, Donchev retorted: "What was the Prime Minister doing in the vaudeville there? Let's hope he is not the mastermind, but that he is taking part is obvious."
Borisov, who at a press conference on December 31 slammed Overgas for not reporting earlier it was facing a halt in supplies, later argued there developments were part of "a plot against the government".
Overgas, Inc. is a joint venture of Overgas, Gazprom and the latter company's export arm, Gazprom Export.
Azerbaijan has resumed natural gas supplies to Bulgaria under its long-term contract with Bulgargaz, the Bulgarian company announced
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
Businesses in Bulgaria remain on high alert, described as "code yellow," due to persistently high electricity prices
Azerbaijan has temporarily suspended natural gas supplies to Bulgaria
KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgarian-based refinery of Russian oil giant Lukoil
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability