Bulgaria, Russia's Gazprom Agree On Gas Deal

Bulgarian Prime Minister Stgei Stanishev (right) with Gazprom CEO Aleksei Miller in Sofia today (epa)

December 18, 2006 -- Bulgaria has agreed with Russia's state-controlled monopoly Gazprom to gradually increase the price it pays for Russian gas to market prices in 2012.

The two sides also signed a deal guaranteeing gas deliveries and gas transit through Bulgaria to southeast Europe until 2030.

The deal ends the current practice, under which Gazprom paid with cheaper gas for transit.

(ITAR-TASS, mediapool.bg)