Overgas

Overgas Inc. AD is the biggest private gas company in Bulgaria.[1] Its executive director is Sasho Dontchev. [2]

Overgas Inc. AD
Typeprivate
Industryoil and gas
Founded1991
Headquarters
Sofia
,
Bulgaria
Key people
Sasho Dontchev (CEO)
Alexander Medvedev (Chairman of the Board)
Productsnatural gas
Servicesdistribution of natural gas
ParentGazprom
SubsidiariesOvergas Capital AD
Websitewww.overgas.bg

In partnership with the British-based JKX Oil & Gas and with the Bulgaria-based Balkan Explorers the company search for oil and gas near the Provadia.[3]

In May 2010, Overgas announced that it will not prolong a supply contract with state-owned Bulgargaz to provide one billion cubic meter of natural gas per year, and instead of this will deliver gas directly to consumers.[1] In return, Bulgargaz claimed that Overgas gained over US$140 million in the 1998–2010 period from the difference in the selling price to Bulgargaz and purchase price from Gazprom. According to Bulgargaz, as a monopoly to import natural gas from Gazprom, Overgas does not have any actual competition on the Bulgarian market.[4]

See also

References
  1. "Overgas Snubs State-Owned Bulgargaz in Contract Negotiations". Novinite. 2010-05-27. Retrieved 2010-07-21.
  2. Kupchinsky, Roman (2009-02-13). "Bulgaria's "Overgas," a Russian Spy in Canada, and Gazprom". Eurasia Daily Monitor. The Jamestown Foundation. Retrieved 2010-07-21.
  3. "Overgas will explore for oil and natural gas near Provadia". publics.bg. Public Services OOD. 2010-03-18. Retrieved 2010-07-21.
  4. "Parasite on the pipe". Focus News Agency. 2010-07-16. Retrieved 2010-07-21.
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