Bulgargaz Plans to Seek No Change in Q2 Gas Prices

Bulgargaz Plans to Seek No Change in Q2 Gas Prices

Bulgaria's gas monopoly Bulgargaz said on Monday it would propose that natural gas prices for local consumers remain unchanged in the second quarter of 2014.

The company proposes keeping a price of 630 levs ($439/322 euro) per 1,000 cubic metres for the period April-June, net of value added tax and excise duties, Bulgargaz said in a notice on its website.

The price adjustment, made on a quarterly basis, must be approved by the Bulgarian energy regulator to take effect. Bulgargaz is obliged to disclose its pricing proposal to the public a month before submitting it for regulatory review.

Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

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