Bulgartransgaz Under European Scrutiny for Controversial Gas Agreement
This morning, the European Prosecutor's Office gained access to the gas operator "Bulgartransgaz" with the assistance of local police
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Bulgaria’s gas network operator Bulgartransgaz has resumed a 1.4 billion euro ($1.6 billion) tender to build a gas pipeline expected to transport mainly Russian gas from Bulgaria’s border with Turkey to Serbia, it said Thursday, quoted by Reuters.
Bulgartransgaz said it was seeking offers by March 6.
Russian oil and gas pipe maker TMK has said it is interested in bidding for the construction of the 484 km gas pipeline, as Sofia looks to secure a link with the Moscow-designed TurkStream gas pipeline.
The tender was suspended earlier this month following a request for clarification by a Bulgarian company, which has since withdrawn it.
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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