Public natural gas supplier Bulgargaz has proposed gas prices to be dropped by more than 13% as of June 1. According to the proposal the new price will be 72.2 euros per mWh . So far, the fuel has been traded in the country at 83.1 euros per mWh ...
Unpredictability in the sphere of energy has a detrimental effect on the Bulgarian economy. "At the moment nobody knows what the price of natural gas is," Dobri Mitrev, chair of the Bulgarian Industrial Association has told BNR, adding..
Following the Bulgarian government's refusal to pay for Russian natural gas in rubles, Moscow's decision to suspend supplies was expected. Yet, this has put cabinet of Prime Minister Kiril Petkov in an extremely difficult position with an unclear..
The leader of GERB party Boyko Borissov has accused the government of participating in corruption schemes in the gas sector. In his words, this will lead to a significant increase in the price of gas. According to Borissov, a company called MET..
Bulgaria’s energy company Bulgargaz has received a notification that as of April 27, natural gas deliveries from Russia’s Gazprom Export will be suspended. Bulgargaz announced that Bulgaria had fully fulfilled its obligations and had made all..
The position of the Bulgarian side, as well as of the European Commission, remains firm - possible payments in rubles are a violation of the contractual relations between Bulgargaz and Gazprom Export . Upon maturity of the contract, payments continue to..
Deputy Prime Minister and Minister of Finance Assen Vassilev stated, in an interview with the BNR, that Bulgaria will not renew its contract with Gazprom for the delivery of natural gas because of the war in Ukraine. In times of conflict..
The price of natural gas will not increase with 58% in April, as forecast by Bulgargaz, the Chairman of the Energy and Water Regulatory Commission Stanislav Todorov assured, referring to the falling market prices of natural gas in recent days...
The state-owned company Bulgargaz wants a record 58% increase in the price of natural gas in April , arguing that the war in Ukraine has increased natural gas prices on European exchanges. Bulgargaz requests Bulgarian energy regulator to..
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..
