Wolf Theiss

Bulgarian Gas Market – Gas Release Program

Following the amendments to the Bulgarian Energy Act aiming to ensure completion of the gas market liberalization and enhance liquidity, on 15 October 2019 Bulgargaz submitted for approval to the Bulgarian energy regulatory body – EWRC, a draft Agreement for the implementation of a gas release program (GRP). The GRP imposes obligations on the Bulgarian incumbent Bulgargaz to release certain gas quantities by way of business-to-business auctions for a duration of five (5) years effective as of 1 December 2019.

 

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For further information please contact

Radoslav Mikov
Radoslav
Mikov
Partner
Bulgaria
Anna Rizova
Anna
Rizova
Partner
Bulgaria
Katerina Novakova
Katerina
Novakova
Senior Associate
Bulgaria

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