Pause operations: company temporarily curtailing operations while keeping return options open

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Gas company in Sofia, Bulgaria

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
May 16, 2024

The Bulgarian state-owned company Bulgargaz intends to obtain about €400 million in compensation from the Russian Gazprom for stopping supplies in 2022. The Bulgarian state gas company Bulgargaz announced the start of an arbitration process against the Russian Gazprom (MOEX: GAZP). The company filed a claim against Gazprom Export for damages due to the cessation of gas supplies in 2022. The Bulgarian state company estimates the amount of losses at €400 million.

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July 09, 2024Bulgaria files €400 million lawsuit against Gazprom over cutoff of supplies
July 09, 2024Bulgaria starts arbitration against Russia's Gazprom over gas deal
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