Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension

The management of natural gas supplier Bulgargaz decided to seek 400 million euros from Gazprom for the 2022 suspension of fuel supplies. The decision was published by Energy Minister Vladimir Malinov at a news briefing.

Gazprom cut off gas supplies to Bulgaria as of April 27, 2022, after Bulgaria refused to pay in rubles as demanded by Moscow.

The Minister explained that the claim will first be addressed to Gazprom Export with a deadline set for voluntary payment. If the other side does not agree, Bulgargaz will take the case to the Arbitration Court with the International Chamber of Commerce in Paris.

The size of the claim is based on legal and financial analyses, involving international law firms, said the Minister. He added that the legal analysis was “considerably delayed”. 

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top