Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Bulgaria to suspend Russian gas transit for short-term contracts in 2026, prime minister says
    Headlines

    Bulgaria to Suspend Russian Gas Transit for Short-Term Contracts in 2026, Prime Minister Says

    Published by Global Banking & Finance Review®

    Posted on September 25, 2025

    2 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Bulgaria to suspend Russian gas transit for short-term contracts in 2026, prime minister says - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Energy market developmentfinancial stabilityinternational financial institution

    Quick Summary

    Bulgaria will halt Russian gas transit for short-term contracts by 2026, aligning with the EU's plan to cut Russian gas imports. Bulgaria is shifting to alternative gas sources.

    Bulgaria to suspend Russian gas transit for short-term contracts in 2026, pri...

    Bulgaria's Energy Transition Plans

    SOFIA (Reuters) -Bulgaria will suspend Russian gas transit for short-term contracts in 2026 as part of European Union plans to cut off Russian gas imports completely, Prime Minister Rosen Zhelyazkov told Bulgarian news agency BTA.

    EU's Strategy to Cut Russian Gas Imports

    The European Union initially planned to cut off imports of Russian gas by the end of 2027, which would end decades-old energy relations with a country that was once Europe's biggest gas supplier.

    Bulgaria's Shift to Alternative Gas Sources

    But last week EU officials said the bloc planned to bring that forward by a year  

    "As a member of the EU, we will join the decision to suspend, in the short term, in 2026, contracts for the use or transit of Russian natural gas, and in the long term, by 2028," BTA quoted Zhelyazkov as saying on Wednesday. 

    European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources.

    The Russian gas was substituted with Azeri gas and liquefied natural gas from a terminal in Greece.  

    (Reporting by Georgi SlavovWriting by Ivana SekularacEditing by David Goodman)

    Table of Contents

    • Bulgaria's Energy Transition Plans
    • EU's Strategy to Cut Russian Gas Imports
    • Bulgaria's Shift to Alternative Gas Sources

    Key Takeaways

    • •Bulgaria will suspend Russian gas transit for short-term contracts in 2026.
    • •This move aligns with the EU's strategy to cut Russian gas imports by 2027.
    • •Bulgaria is diversifying its gas sources, using Azeri and Greek LNG.
    • •The decision marks a shift from Bulgaria's past dependence on Russian gas.
    • •The EU aims to end energy relations with Russia by 2028.

    Frequently Asked Questions about Bulgaria to suspend Russian gas transit for short-term contracts in 2026, prime minister says

    1What is gas transit?

    Gas transit refers to the transportation of natural gas through pipelines from one country to another. It is a critical component of energy supply chains, particularly for countries reliant on imported gas.

    2What is the European Union's energy strategy?

    The European Union's energy strategy aims to reduce dependence on fossil fuels, particularly from Russia, by diversifying energy sources and increasing the use of renewable energy.

    3
    What is liquefied natural gas (LNG)?

    Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state for easier storage and transport. It is used to supply energy to countries that lack pipeline infrastructure.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    View All Headlines Posts
    Previous Headlines PostRussia's Nabiullina Says the Central Bank Will Cut Rates With Caution
    Next Headlines PostIsrael Police Arrest Man for Threatening to Kill Netanyahu