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Bulgaria’s utilities regulator to probe private provider Overgas

Bulgaria’s utilities regulator to probe private provider Overgas
Sofia, January 6, 2016/Independent Balkan News Agency

Bulgaria’s Energy and Water Regulatory Commission said on January 6 that it would check the “execution of licence duties and the financial situation” of Overgas, the private gas provider that has become embroiled in a public row over the past week after being cut off from Russian gas deliveries.

At the same time, the regulator praised the efforts made by Overgas and state-owned Bulgarian Energy Holding, through its gas trading arm Bulgargaz and grid operator Bulgartransgaz, to “resolve the problem”.

Last week, Overgas was notified by Gazprom Export, a subsidiary of Russia’s state-owned gas company Gazprom, that direct deliveries would be discontinued, instead the gas would be re-routed through Bulgargaz, according to a statement posted on the Overgas website.

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