Overgas Signs New Supply Contract with Bulgargaz

Business » ENERGY | December 31, 2016, Saturday // 11:27
Bulgaria: Overgas Signs New Supply Contract with Bulgargaz File photo, EPA/BGNES

Bulgaria's biggest private gas supplier Overgas has signed a new deliveries contract that gives it gas from the biggest state company.

Bulgargaz will pump BGN 300 million cubic meters of gas to the private company, allowing it to meet the needs of 60 000 households and 3000 public and industrial consumers.

Gazprom halted supplies to Overgas at the end of last December, citing commercial issues, prompting the private suplier to demand gas from the state-owned company.

The supply network of Overgas was taken over by Sasho Donchev, who until then had a 50% stake in the company alongside the Russian energy giant.

Overgas in September demanded that its firs contract with Bulgargaz be terminated, and that conditions should be renegotiated, but the latter request was turned down.

Bulgargaz receives the bulk of its gas from the Russian holding - the same source Overgas had been using until the end of last year.

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Tags: Bulgargaz, Overgas, gas, Gazprom
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