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10.02.2016 11:40
Bulgarian Energy Regulator Says No Breaches at Overgas
Energy watchdog chairman sees the situation with the supply halt from Russia’s Gazprom to Overgaz as more of a geopolitical issue than an energy sector one

  • Prof. Ivan Ivanov at the studio of Bloomberg TV Bulgaria
    © Bloomberg TV Bulgaria

The five companies within Overgas Networks AD (Overgas Mrezhi AD) are respecting the general terms of their contracts with customers, Prof. Ivan Ivanov, chairman of the Bulgarian Energy and Water Regulatory Commission (EWRC), said in an interview for Bloomberg TV Bulgaria. Ivanov said that Overgas Networks is in a stable financial state. The energy watchdog chairman said that in his view the situation with the supply halt from Russia’s Gazprom to Overgaz is more of a geopolitical issue than an energy sector one.

“Overgas Mrezhi has five loans, two of them have been paid up, the other three are duly serviced. There are no issues with gas deliveries for both Overgas and Bulgargaz customers. Furthermore there has been a decrease in natural gas prices, which makes natural gas a feasible fuel especially for the industry”, Ivanov commented.

TAGS: Bulgaria | Overgaz | natural gas | Gazprom | energy 

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