Press release


Bulgargaz has filed an arbitration claim against Gazprom for 400 million euros


On 8 July 2024, Bulgargaz EAD commenced arbitration proceedings against Gazprom Export LLC before the Court of Arbitration of the International Chamber of Commerce in Paris. The claim filed is for damages of over EUR 400 million suffered as a result of the unilateral suspension of natural gas supplies more than two years ago, at the end of April 2022.

It should be recalled that at the end of May 2024 Bulgargaz EAD sent an invitation to Gazprom Export LLC for voluntary settlement of the Bulgarian company's claim, in accordance with the contract between the two companies. As the Russian side did not take any action to resolve the issue out of court, Bulgargaz has taken the necessary steps to protect the company's interests.

The Court of Arbitration at the International Chamber of Commerce in Paris is one of the most prestigious institutions in the world that administers the resolution of international commercial disputes.