Bulgaria wants new gas deal with Gazprom

SOFIA, Bulgaria - Bulgaria's foreign minister says his country wants a new gas agreement with Russia's Gazprom so some intermediaries are removed.

By (AP)

Published: Wed 4 Feb 2009, 7:21 PM

Last updated: Thu 2 Apr 2015, 3:53 AM

Ivailo Kalfin says Bulgaria wants to replace the three intermediaries that deliver Russian gas to Bulgaria with just one, to reduce the price Bulgaria pays.

Kalfin also says Bulgaria will demand compensation for last month's halt of Russian gas shipments. Bulgaria estimates its direct losses at Ð15.4 million ($20 million), and additional damages at Ð40 million ($52 million).

The Balkan country was among the worst hit by the gas dispute because it relies almost completely on Russian gas.

Kalfin spoke in a TV interview Wednesday before heading to Moscow as part of a delegation led by Bulgarian President Georgi Parvanov.

More news from Business
Luxury vrooms again


Luxury vrooms again

This year the #NoFilterDXB witnessed a dazzling array of replica vehicles from some of Hollywood’s most classic movies and TV shows.

Business2 days ago