CMS has successfully advised Shell Energy Europe on obtaining a license for trading natural gas in Bulgaria.
According to CMS, "the licensing procedure started early this year and was completed in due time irrespective of the gas market disruption and obstacles that the Bulgarian regulator was facing."
Shell Energy Europe specializes in the energy supply business and energy commodities trading, including gas, power, and environmental products.
"Having such a major gas trader on the Bulgarian gas market has caught the attention of the Bulgarian decision-makers and it provides optimism for the upcoming challenging periods as well as the actual potential for diversification of the gas market players," the firm announced.
The CMS team was led by Managing Partner Kostadin Sirleshtov and included Senior Associates Denitsa Dudevska and Alexander Rangelov.