Text size

EU finds no competition violation in Botas deal

published on 12/21/24 4:04 PM

Photo: BNR-archive

The European Commission's Directorate-General for Competition has notified Bulgargaz and Bulgartransgaz that the case on the agreements concluded between the Bulgarian companies and the Turkish energy company Botas has been closed and no competition violations have been found.

In October 2023, the EU opened a case to investigate whether EU competition rules were violated by the deal concluded at the end of 2022 for the supply of liquefied natural gas from terminals in Turkey and the reservation of capacity at interconnection points between Bulgaria and Turkey.

The commercial parameters in the contracts were not checked, Brussels said. The temporary parliamentary committee in Bulgaria, which was established at the end of 2023 to verify the facts of the contract, found losses of $500,000 per day for the Bulgarian side from the Botas deal.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Botas Bulgargaz

More from category

Vice President for Europe of the American Jewish Committee in Sofia: Tolerance is part of the identity of Bulgarian society

The tolerance of the Bulgarian people, proven over the centuries, is a guarantee against xenophobia and anti-Semitism, which have no roots in our society. This was stated by President Rumen Radev at a meeting in Sofia with Anne-Sophie Sebban-Bécache ,..

published on 11/21/25 6:54 PM

Sofia prepares to host the 66th General Assembly of PABSEC

I expect that in Sofia, the parliamentarians from the member states of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) will make forward-looking decisions that will support cooperation and the development of the countries in the..

published on 11/21/25 6:33 PM

Bulgaria invests 115 million euros in secure satellite communications infrastructure

In 2026, the Ministry of Innovation and Growth will invest nearly 115 million euros in national infrastructure for secure satellite communications and in joint projects between business and academia. The funds will be distributed in..

published on 11/21/25 4:18 PM