The negotiations between Bulgaria and Russia for a new natural gas contract have come to a standstill, announced Dimitar Gogov, CEO of Bulgargaz.

According to Gogov, the talks which were supposed to eliminate the intermediaries between Gazprom as a natural gas supplier and the Bulgarian state monopoly Bulgargaz as a recipient, have stalled because Gazpromexport, a Gazprom subsidiary, is procrastinating.

At the end of 2009, the energy ministers of Bulgaria and Russia Traicho Traikov and Sergei Shmatko agreed to eliminate the notorious intermediaries in the gas trade between the two states.