Former Bulgargaz director Nikolay Pavlov was summoned for questioning on Monday. He confirmed this to Nova TV.
The Board of Directors of the Bulgarian Energy Holding released the entire board of directors of Bulgargaz at the end of last month. The removed leadership described these actions as politically motivated.
A few days later, Prime Minister Kiril Petkov announced that there would be accusations of high gas prices. According to him, the current leadership is responsible for the rise in prices since the end of last year. Last night he called on the leadership of the Ministry of Interior for arrests.
The information about 60,000 megawatt hours of natural gas sold to certain companies yesterday is not true, Bulgargaz said in the meantime.
Given the specifics of the stock exchange trade in natural gas, after an inspection, it was found that from the total mix of natural gas, Bulgargaz EAD has sold surplus quantities, which are usually due to lower consumption on weekends, on the state stock exchange Gas Hub Balkan EAD
The exported information about the quantities of natural gas sold by Bulgargaz EAD definitely does not correspond to the actually sold ones, which for the indicated period are 37,000 MWh. These quantities were sold in order to improve the financial condition of the company, given the current situation of the new Board of Directors of Bulgargaz EAD, the company said.
During the analysis it was established that the realized price of the executed stock exchange transactions is higher than the one that Bulgargaz EAD would receive in case of a positive imbalance to Bulgartransgaz EAD due to non-release of excess quantities.
Given the financial situation inherited from the former management of the company, expressed in a lack of funds, the restoration of the disturbed cash flow is of great importance for the company’s activities related to security and continuity of supply for the country.
The management of the company takes all necessary actions, within the law and in conditions of full transparency, to provide financial resources to ensure the activities of the company as a public supplier and participant in the natural gas market.
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