Bulgaria’s Bulgargaz Seeks 2.73% Cut in Gas Price in Q2

Bulgaria’s Bulgargaz Seeks 2.73% Cut in Gas Price in Q2

Bulgaria's gas monopoly Bulgargaz said it has proposed to the country's energy regulator to cut by 2.73% the price of natural gas for local consumers in the second quarter of the year.

The company proposed to the regulator to set the price of natural  gas in the April-June period at 612.80 levs ($435.2/313.3 euro) per 1,000 cubic metres, which is 17.2 levs less than the current price, Bulgargaz said.

The adjustment in Bulgargaz's tariff, 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.

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

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