Bulgargaz asked the energy regulator to increase the price of natural gas for March by 3.5% which will raise the cost to 58 euros per megawatt-hour compared to February, when it was 56 euros.
Production from the gas storage in Chiren has been suspended and by order of Energy Minister Alexander Nikolov the facility has switched to the mode of pumping additional quantities into Bulgaria's reserve gas hub, which has led to Bulgargas' demand for an increase in the price, explained Energy and Water Regulatory Commission chairman Stanislav Todorov.
So far, cheaper gas has been drawn from Chiren during the winter months, but because of fears that the war in Ukraine could lead to a gas supply crisis, a new reserve needs to be built up. This will force Bulgaria to use more imported gas, which is significantly more expensive.
On 7 March, the regulator will officially approve the new gas price for March.
"One of the first tasks of this government eight months ago was literally to save Bulgaria’s Recovery and Resilience Plan", said Deputy Premier Tomislav Donchev before the start of today’s cabinet meeting. According to Tomislav Donchev, successful..
Only 18% of Bulgarians believe that the economic situation of Bulgaria will improve in the coming year . According to a survey by the sociological agency "Trend", conducted between September 13-20, through a direct standardized face-to-face..
The Bulgarian government is considering the deployment of small modular reactors in Bulgaria. This became clear after the meeting of Prime Minister Rosen Zhelyazkov in New York with the Chief Corporate Officer of General Electric Vernova Roger..
In economic terms, Bulgaria is highly dependent on carbon-intensive production and is particularly vulnerable to the risk of these productions being..
On Saturday, the minimum temperatures in Bulgaria will be from 8 to 13C, in Sofia – 10C. During the day, cloudy weather will prevail. Rain is expected..
Currently, out of nearly 8,000 children deprived of parental care, just 850 have permission for full adoption. This was announced by Deputy Minister of..
Overcast, rain
Cloudy
Partly cloudy, chance of rain