Energy Minister Malinov Announces Bulgargaz Could Transfer Part of BOTAS Agreement Rights to Third Parties

An informal agreement was reached on the possibility of Bulgargaz offering for transfer part of the rights under its agreement with Turkish energy company BOTAS ,signed on January 3, 2023, said caretaker Energy Minister Vladimir Malinov during a hearing in Parliament. A meeting between Bulgargaz and BOTAS representatives took place at Malinov's initiative with his Turkish counterpart Alparslan Bayraktar on  April 27.

Within the framework of the meeting, Malinov informed his Turkish colleagues about the decision of the Bulgarian National Assembly and expressed his position regarding the need to renegotiate the agreement between the two companies due to the significant change that occurred in the natural gas market from the time of its signing until the decision was made at the Bulgarian Parliament.

...