• Natural Gas News

    Bulgaria grants firm gas trading licence

Summary

The licence was granted to local fuel retailer Bent Oil.

by: Joseph Murphy

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Corporate, Exploration & Production, News By Country, Bulgaria

Bulgaria grants firm gas trading licence

Bulgaria's Energy and Water Regulatory Commission (EWRC) said on December 9 it had granted a 10-year licence for natural gas trading to a local fuel retailer called Bent Oil.

Bent Oil, which belongs to another Bulgarian company called Vilet, has 2mn lev ($1.2mn) in registered capital, and earned 542mn lev in revenues and 10.8mn lev in profit last year.

Bulgaria began requiring traders to have licences for gas trading in October. EWRC has been collecting applications for these licences throughout this year.