Bulgargaz Plans to Seek No Change in Q3 Gas Tariff

Bulgargaz Plans to Seek No Change in Q3 Gas Tariff

Bulgaria's gas monopoly Bulgargaz said it will propose to the country’s energy regulator to keep wholesale prices of natural gas unchanged at 612.8 levs ($436/313 euro) per 1,000 cubic metres in the third quarter of 2014.

Bulgargaz will make public its final proposal for third-quarter natural gas prices on June 10, upon submitting it with the energy regulator, the company said in a statement posted on its website.

The adjustment in Bulgargaz's tariff, made on a quarterly basis, must be approved by the energy regulator to take effect.

Bulgargaz is a subsidiary of state-owned Bulgarian Energy Holding.

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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