Bulgarian Energy Holding Gets EU Antitrust Probe Into Gas Supply

Bulgarian Energy Holding EAD and its gas units are being formally investigated by the European Union’s competition watchdog over possible restrictions to key gas infrastructures in the country.

The European Commission “has concerns that the Bulgarian energy incumbent BEH and its subsidiaries may be abusing their dominant market position on the natural gas markets in Bulgaria,” the EU antitrust regulator said in an e-mailed statement today.

The EU is separately probing OAO Gazprom, Russia’s natural-gas monopoly, over terms in its long-term gas supply contracts with EU countries. The EU has a string of cases, including the BEH probe, that are “helping to foster a more competitive energy environment” in central and eastern Europe, EU Competition Commissioner Joaquin Almunia said in a speech in September.

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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