Bulgargaz resumes temporary gas supplies to Kremikovtzi
Wednesday, 10 Jun 2009
It is reported that the gas supply to Bulgaria's troubled steel mill Kremikovtzi has been resumed temporarily for a 10 day period.
Mr Tsvetan Bankov mills' assignee in bankruptcy said that the supply had begun on June 4th 2009 and the gas volumes have been prepaid to Bulgargaz.
Kremikovtzi's debt to Bulgargaz is estimated at over BGL 100 million and was the reason for halting the gas supply to the mill on May 15th 2009 and the closure of the major part of its production facilities, including the coke plant.
The termination of gas supply to Kremikovtzi was postponed several times over hopes that the Brazilian metallurgy giant CSN would save the mill's coke production. The supply was discontinued after negotiations with CSN failed.
