By the end of the year, Bulgargaz will have to pay an additional €10 million under the contract with Botas due to indexation. This information was reported by BGNES and confirmed by Energy Minister Zhecho Stankov.
During the caretaker government of Galab Donev, appointed by President Rumen Radev, Bulgaria signed a €2 billion, 13-year contract with the Turkish company to receive LNG through Turkish terminals. The document obliges Bulgaria to pay €500,000 per day, even if the full capacity is not utilised.
Mr Stankov said that the government's attempts to renegotiate the terms of the contract with Botas are ongoing, but have not yet yielded any results. 'This contract is generating expenses for a service we are not using,' he said, adding that 'we do not need it today or for the next 13 years.' He added that the document does not contain a termination clause unless the full amount, which exceeds two billion euros, is paid.
Published and translated by E. Radkova
The night sky will be mostly clear and in the morning in many places in the valleys and around water basins there will be fog. During the day it will be sunny, but in the Danube Plain it will remain foggy. The lowest temperatures..
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and Security Policy, Minister of Foreign Affairs Georg Georgiev said in response to a question from MP..
President Rumen Radev has vetoed the legislative amendments related to the appointment of a special commercial administrator in the Lukoil refinery in Burgas. The head of state said that the amendments undermine the legal order in..
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and..
"As of today, there will be no acting mayor of Varna and the position will be held by the legally elected mayor Blagomir Kotsev," said..
President Rumen Radev has vetoed the legislative amendments related to the appointment of a special commercial administrator in the..
Partly Cloudy
Mostly Cloudy
Fog