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Bulgarian government wants to negotiate lower fuel prices with Lukoil

Photo: EPA/BGNES

The Ministry of Energy will propose giving a loan of 400 million euros to the state-owned company "Bulgargaz", caretaker minister Rosen Hristov has told BNT. The goal is for "Bulgargaz" to enter the public financing market in order to repay the loan to the state.

All possible sources for import of gas are being considered, including Gazprom. The Russian monopolist is the last option, the minister pointed out. The country has gas until September. There are ways to provide gas at least until the end of the year, Hristov said.

The minister added that the compensation of 13 eurocents per liter of fuel for citizens was not enough and that negotiations on the prices should be held with "Lukoil".


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