Skip to content

Bulgaria’s Energy Minister admitted that Russia did Not Ask for Gas Penalties

Three days after he himself announced that Gazprom had demanded penalties due to the unfulfilled natural gas supply contract, Acting Minister of Energy Rosen Hristov retracted his words on Monday and announced that there is no such claim. He explained that there is a dispute between “Bulgargaz” and the Russians over small amounts for quantities already delivered. The reason for possible arbitration is clear – the sole decision of “Gazprom Export” to derogate from the long-term contract between the two parties and to request an ultimate change in the part of the method of payment….