Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas trading on the Serbian market. The development extends Bulgargaz’s trading footprint across Southeastern and Central Europe.
Licence scope and existing regional authorisations
Bulgargaz already holds licences in Greece, Romania, Hungary and Slovakia. Its subsidiary, Bulgargaz North, is authorised to trade in Moldova. Together, these authorisations cover multiple jurisdictions beyond Serbia.
Transmission-network user registration and cross-border access
Bulgargaz is also registered as a transmission-network user in several regional markets, including Serbia. This registration provides access to cross-border infrastructure needed to move gas between supply zones. The Serbian licence adds to the company’s operational position across interconnected systems.
Implications for regional trading footprint
The Serbian licence supports a business model increasingly oriented toward regional trading rather than Bulgaria alone. For Serbia, the entry of another licensed regional supplier may broaden commercial sourcing options as the domestic market becomes more connected with Bulgaria, Hungary and other neighbouring gas systems. For Bulgargaz, combining transmission access with wholesale licences across multiple jurisdictions is expected to improve its ability to redirect volumes based on regional price spreads, infrastructure availability and customer demand.
