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Gas traders will receive BGN 278 million Natural gas traders who pumped quantities into the gas storage in Chiren in the period May 1, 2022 - October 11, 2022 will receive a total of BGN 278 million in compensation because at that time the raw material was very expensive and today it cannot to be implemented in the market, where prices are already much lower. This was decided by the interim government of Dimitar Glavchev by approving a program for the payment of compensations from the "Security of the Electricity System" Fund, which will enter into force after being approved by the European Commission, since it is a matter of state aid. According to preliminary estimates, the state-owned public gas supplier "Bulgargaz" will receive the largest part of the amount – BGN 157 million. The remaining BGN 122 million is for other traders who pumped gas in this period. Among them is the company "Sustainable Energy Supply", which is owned by the subsidiary of the Russian company "Lukoil" company "Litasco" and the former boss of "Lukoil Bulgaria" Valentin Zlatev. It imports Russian natural gas to Bulgaria for the needs of the Burgas refinery "Neftohim" and has reserved capacity in the gas storage facility. The Greek company "Mithylineos" also has capacities in Chiren, which systematically supplies gas to the Bulgarian market through "Bulgargaz". According to the Council of Ministers, the compensations are necessary because, assuming a certain commercial risk, the companies have contributed to achieving the target of a storage capacity of at least 80% in accordance with the European emergency action plan.

 

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