Bulgargaz Seeks 25.78% Hike in Q2 Natgas Prices

Bulgargaz Seeks 25.78% Hike in Q2 Natgas Prices

Bulgaria's gas monopoly Bulgargaz said it is seeking a 25.78% rise in domestic natural gas prices to 780.06 levs ($527.21/398.83 euro) per 1,000 cubic metres, value-added tax excluded, in the second quarter.

The proposed price reflects the increase of global prices of energy resources that are an alternative to natural gas in the recent months, the appreciation of the Bulgarian lev against the US dollar and the fact that the country's energy regulator has kept unchanged natural gas prices in the first quarter, Bulgargaz said on Thursday in a statement published on its website.

The price adjustment, made on a quarterly basis, must be approved by the Bulgarian energy regulator to take effect.

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

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.