The Entire Management of Bulgargaz has been Replaced

Business » ENERGY | January 29, 2022, Saturday // 13:16
Bulgaria: The Entire Management of Bulgargaz has been Replaced

The entire management of Bulgargaz has been replaced following a decision by the Bulgarian Energy Holding, BNR reports.

Lyudmil Yotsov has been elected executive director of the company - in place of Nikolay Pavlov, according to a protocol of BEH, published in the Commercial Register.

In addition to the executive director, the other members of the board were released - Svetoslav Delchev, Diana Boneva, Ilian Dukov, and Nikolay Donchev.

Lyudmil Yotsov, Angela Slavova, Anton Adamov, Ivan Topchiiski and Stefan Pandov Voynov have been appointed to the new board. It is not yet clear whether the fired board members of Bulgargaz will appeal the decision of the Bulgarian Energy Holding.

Before bTV, the Minister of Energy Alexander Nikolov confirmed the change of management of Bulgargaz. According to him, the inspections of SANS and the police have nothing to do with the decision of BEH but were taken on the basis of an inspection by the Bulgarian Energy Holding.

National Security and Police are doing an Inspection in Bulgargaz

Nikolov added that he did not know the reason for the inspection.

“Rather, the decision was made on the basis of how the company could have been managed and the public interest protected,” he said. Nikolov pointed out that recently there has been a lot of talk about additional gas supplies from Azerbaijan and there was a letter that such supplies were possible.

“As for the price, however, because the company has made some commitments, it cannot correspond to the price under the long-term contract at least until July 1, 2022,” said the Minister of Energy.

Bulgargaz: Gas Supplies from Russia are Not Endangered

In early January, Finance Minister Asen Vassilev announced that the company was exporting cheap stocks from the Chiren gas storage facility at high prices and that fraud-monitoring authorities were actively considering these actions. Bulgargaz denied his allegations.

Days later, SANS and the police entered the company for inspection.

The Chairman of the State Agency for National Security Plamen Tonchev was heard at a meeting of the Parliamentary Committee for Control over Security Services and the Use of Special Intelligence Means on the Conduct of the Investigation on Expired Clauses of Bulgargaz's Contract with Public Suppliers Azerbaijani gas.

At the end of last year, the executive director of Bulgargaz Nikolay Pavlov announced that the company had approached SANS due to leaked information about clauses in the contract.

/OFFNews

Follow Novinite.com on Twitter and Facebook

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Bulgargaz, SANS, energy, Bulgaria
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria