Bulgaria's Top Gas User Signs up for Trading Hub

Bulgaria’s largest gas consumer Toplofikatsiya Sofia, the heating utility for the country’s capital, has registered to use Balkan Gas Hub, the trading platform’s operator Bulgartransgaz said in a statement on February 7.

“The participation of the largest natural gas consumer in Bulgaria on the Bulgarian gas exchange will, on the one hand, contribute to increased market liquidity and, on the other, enable Toplofikacia Sofia to purchase gas at competitive market prices, which will help improve the financial position of the company,” Bulgartransgaz said.

Balkan Gas Hub started operating at the start of this year. The platform offers over-the-counter and exchange contracts, including both short-term products and longer-term monthly, quarterly, seasonal, yearly and multi-year products.