CMS Sofia assists in successful licensing for natural gas trading of Petrolmak S.A. in Bulgaria

CMS Sofia has assisted in the successful licensing of Petrolmak S.A. for natural gas trading in Bulgaria by the Bulgarian Energy and Water Regulatory Commission (EWRC). The main investor in the licensee is the North Macedonian company Makpetrol AD. The term of the license is ten years.

CMS provided regulatory and legal support during all stages of the preparatory process for the licensing of the licensee before EWRC, with the CMS team appearing during the open hearings at EWRC and addressing all additional requests raised by the Bulgarian regulator.

The CMS Sofia team was led by Kostadin Sirleshtov, Managing Partner at CMS Sofia, and included Denitsa Dudevska and Petar Petrov (EPC).