Bulgargaz EAD is a subsidiary of Bulgarian Energy Holding EAD, holder of 100% of the shares. The registered capital of the company is BGN 231 698 584, entirely funded by Bulgarian Energy Holding EAD.
Bulgargaz EAD holds the only license for the activity "public supply of natural gas on the territory of the Republic of Bulgaria" for a period of 35 years, issued by the State Energy and Water Regulatory Commission (SEWRC):
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Licence for public supply of natural gas on the territory of the Republic of Bulgaria (Licence № Л-214-14/29.11.2006)
The primary licensing responsibilities of Bulgargaz EAD as a public supplier of natural gas include:
- Engaging in transactions with extraction companies and gas traders for the purchase of natural gas in the quantities necessary to cover the consumption of the users, including those directly connected to the gas transmission network and the public suppliers.
- Ensuring the uninterrupted and quality supply of natural gas.
- Establishing and maintaining relationships with energy companies involved in the natural gas supply business, ensuring both continuity and quality of supply.
- Maintaining the financial security essential for the execution of its activities.
- Conducting business transactions in a manner that ensures financial stability.
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Pursuant to Art. 21, para. 1, point 1 and in conjunction with Art. 39, par. 1, item 5, second sentence of the Energy Act, by decision of the Energy and Water Regulatory Commission (EWRC) of 16.09.2021 / No. Л-548-15 Bulgargaz EAD acquired a license for trade in natural gas / No. A0435 for a period of 10 years.
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The Company also holds a license for trade in natural gas on the territory of the Hellenic Republic under Decision No. 247/2020, for an unlimited period and under Decision No. 311/2022 for trade in natural gas on the territory of the Hellenic Republic, for a period of 20 years.
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The Company also holds an indefinite Natural Gas Supply License No. 2023P 0370 dated 20 June 2023 issued by the Regulatory Office for Network Industries of the Slovak Republic.
The public supply of natural gas as the main activity of the company is of strategic importance for ensuring the stability of the entire energy sector. In this regard, Bulgargaz PLC fulfills consumption needs across the country through both long-term and short-term natural gas supply contracts. In an effort to diversify the sources and supply routes and expand its scope of operations, Bulgargaz PLC collaborates with partner companies within the natural gas sector.