Gas supplier Bulgargaz recorded a net loss of 42.8 million euros in the first nine months of 2023, compared to a profit of 6.2 million euros in the same period last year.
In the same period, the company’s revenues from the sale of natural gas dropped by 53% to 962 million euros in the first nine months of 2023, due to a decline in both the price of natural gas and volumes sold.
Bulgargaz said that the loss is mainly due to impairments of natural gas injected and available at the Chiren underground storage in the first sixmonths as well as from accrued losses from trade receivables.
