Bulgargaz to Propose 15.7% Hike in Wholesale Gas Price in Q3

Bulgargaz to Propose 15.7% Hike in Wholesale Gas Price in Q3

Bulgarian public gas supplier Bulgargaz has said it plans to propose a 15.69% increase in the wholesale price of natural gas, to be valid in the third quarter of 2018.According to the draft proposal, the price will rise by 56.77 levs ($34.8/29.0 euro) to 418.59 levs per 1,000 cu m, excluding VAT and excise duty, Bulgargaz said in a statement on Friday.Bulgargaz will submit its final proposal for approval by the energy regulator on June 8.Bulgarian energy regulations require Bulgargaz to set the gas price quarterly, taking into account global oil prices and the lev/dollar exchange rate.The Energy and Water Regulatory Commission (EWRC) has the final say on the proposed change in the wholesale price, at which the state-owned company sells natural gas to end-suppliers and customers directly connected to its transmission network.Bulgaria imports almost all the natural gas it needs from Russia via a pipeline crossing Ukraine, Moldova and Romania.(1 euro = 1.95583 levs)

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.