Bulgaria ready to отказаться from Russian gas by October 2027

The trace

How it reaches your house.

Starting from Gazprom (ПАО Газпром), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.

1. First impact

   Natural gas (home) →Stands to benefit

   Interstate natural gas transmission pipelines

   Bulgaria's move away from Russian gas should raise the value and utilization of alternative cross-border pipeline capacity.

   75% confidence

   Natural gas (home) →Stands to benefit

   LNG peak-shaving and import facilities

   Replacing Russian supply with non-Russian gas should increase reliance on LNG import and balancing infrastructure.

   69% confidence

   BP plc →Prices rise

   Natural gas wellhead productionBP

   The EU/Bulgaria move away from Russian gas should lift demand for non-Russian gas supply, but BP’s exposed link to natural gas wellhead production is modest (3.5% share, moderate substitutability), so I only model a limited input price increase.

2. Hop 2

   Natural gas wellhead production →Prices ease

   Russia

   Bulgaria's planned exit from Russian gas reduces demand for Russian production, which pressures Russia's gas prices and export volumes.

   77% confidence

   LNG peak-shaving and import facilities →Stands to benefit

   Chart Industries, Inc.GTLS

   With about 60% share, low substitutability, and a long replacement lead time, Chart is a clear beneficiary if LNG import and peak-shaving capacity expands as Bulgaria moves away from Russian gas.

   74% confidence

   LNG peak-shaving and import facilities →Stands to benefit

   Constellation Energy (Everett LNG)

3. Hop 3

   Chart Industries, Inc. →Stands to benefit

   LNG peak-shaving and import facilitiesGTLS

   Bulgaria’s move away from Russian gas should raise European LNG infrastructure demand, which supports Chart’s core LNG peak-shaving and import facilities line given its ~60% share and long replacement lead time.

   74% confidence

   Linde Engineering (Linde plc) →Prices rise

   Cryogenic cold boxes and heat exchangers

   Bulgaria’s shift away from Russian gas supports LNG import infrastructure demand, which should raise demand for Linde Engineering’s key cryogenic cold boxes and heat exchangers, a low-substitutability, long-lead-time input.

   58% confidence

   Air Products and Chemicals, Inc. →Stands to benefit