Russia, Bulgaria Finally Ink Gas Discount Deal
From No Vinite
Russian energy company Gazprom finally signed an agreement sealing the 11% natural gas price discount for Bulgaria.
Russia promised an 11% discount on gas supplies for the Balkan country back in March 2012. The discount is tied to fast-tracking the South Stream gas pipeline.
The agreement enters into force with backdated effect from April 1 and will last until the end of 2012. It was signed on Monday by Gazprom Deputy CEO Alexander Medvedev and Bulgarian Economy and Energy Minister Delyan Dobrev in Bulgaria’s Varna.