Bulgargaz seeks 400 mln euro from Gazprom over natgas supplies halt

"If the claim is not voluntarily resolved shortly, Bulgargaz will file an arbitration case before the International Court of Arbitration in Paris," minister Malinov said at a briefing, according to a press release from the energy ministry.

Gazprom cut off gas supplies to Bulgaria in April 2022 after the country refused to pay in rubles, following a unilateral change of the contract terms on the Russian side.

Bulgargaz's management plans to give Gazprom Export no more than a month to reach a voluntary agreement, the energy minister was quoted as saying by state news agency BTA. The claim's amount is based on legal and financial assessments conducted in collaboration with international law firms.

($ = 0.9232 euro)