The Energy Minister admits that "Gazprom" might Sue "Bulgargaz"

Business » ENERGY | January 6, 2023, Friday // 16:38
Bulgaria: The Energy Minister admits that "Gazprom" might Sue "Bulgargaz" Energy Minister Rosen Hristov

Bulgargaz could be sued by Russian energy giant Gazprom in an arbitration case, risking paying hundreds of millions of dollars.” This was stated by the Acting Energy Minister Rosen Hristov during the parliamentary control.

On November 14 last year, Gazprom Export announced that an arbitration court in Stockholm ruled that the Finnish company Gasum must pay it more than 300 million euros for gas supplies after it failed to comply with its obligations under the "take or pay" clause. Bulgaria is also in a similar situation.

"We are discussing with lawyers the likelihood that such a claim will be filed against us. At the same time, we are evaluating all possible claims that our country may have against Gazprom Export for undelivered quantities. Such a judicial, in this case arbitration, agreement in itself is extremely difficult and an expensive process with an unclear result. If all the arguments are on one's side, there is a 90% chance that that side will win. The risk exists, the material interest is huge for the scale of our country, we are talking about hundreds of millions. If a violation of the law is found, the relevant authorities will seek criminal liability. Whether the citizens will pay the bill, if there is one, that is certain," said Minister Rosen Hristov.

Follow on Twitter and Facebook

Write to us at

Информирайте се на Български -


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

Energy » Be a reporter: Write and send your article
Tags: Hristov, Gazprom, Bulgargaz
Bulgaria news (Sofia News Agency - 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." (Sofia News Agency - 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