Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Might Opt for Short-Term Gas Contracts with Gazprom
BULGARIA MIGHT OPT FOR SHORT-TERM GAS CONTRACTS WITH GAZPROM
Date: 10/05/2011
Source: novinite.com
Bulgaria Might Opt for Short-Term Gas Contracts with Gazprom

Bulgaria might chose to press for short-term contracts for natural gas delivery with Russian giant Gazprom after 2012, stated vice-Minister of Energy Mariy Kosev Tuesday.

Bulgaria's contracts with Gazprom expire end of 2012 and the Russian company has until end of June to specify terms for a possible long-term extension.

"Should the conditions for a long-term contract that Gazprom formulates this summer prove to be unfavorable for Bulgaria, we will be requesting short-term contracts," explained vice-Minister Kosev Tuesday at a forum in Sofia entitled "Natural Gas as an Instrument in the Low-Carbon Economy."

This proposal runs against received Gazprom practice, which involves long-term contracting for gas deliveries, and then extending the duration of already-existing contracts.

"We have to be careful not to hurry signing contracts with the Russian side that will bind us for a longer time, if we are serious about diversifying our energy sources," said the Bulgarian Energy vice-Minister.

Bulgaria's existing contracts are concluded chiefly not with Gazprom itself, but with three subsidiaries - Gazprom Export, Wintershall and Overgas.

Kosev also informed that the government is moving full throttle the projects of creating links between the gas systems of Bulgaria and neighboring EU members Romania and Greece, but also with non-EU neighbors Serbia and Turkey.



Topic: Economy



Featured District
DOBRICH DISTRICT AND CITY INFORMATIONDobrich
Invest Bulgaria Charts
Gross External Debt of Bulgaria
Gross External Debt of Bulgaria

Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

See all charts
Did You Know?
Bulgaria is a space nation
Bulgaria is a space nation
Bulgaria is a space nation: Two Bulgarians have flown in space already ... More

Koprivshtica is one of the centers of the Bulgarian education, literature and culture from the National Revival Period. Tremendously beautiful, Koprivshtica is a member of the 100 National Tourist Sites of Bulgaria.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members