In an important step towards further liberalisation of its natural gas market, Bulgaria recently published important amendments to its Energy Act, introducing a new framework for a domestic natural gas exchange. The changes aim at enhancing the liquidity and liberalisation of the natural gas market, with potentially important implications for businesses with interests in the industry.
The Amending Act sets a short timeline for implementation – key rollout dates are planned for as soon as late 2019 and early 2020, and specific mechanisms for implementation are expected in forthcoming secondary legislation.
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