Energy Regulator Approves 0.67% Cut in Q4 NatGas Prices

Energy Regulator Approves 0.67% Cut in Q4 NatGas Prices

Bulgaria's energy regulator said it approved a proposal for a 0.67% quarterly reduction in the price of domestic natural gas in the fourth quarter of the year.

The regulator set the natural gas price in the fourth quarter at 728.34 levs ($481.8/372.4 euro) per 1,000 cubic metres, value added tax of 20% excluded, its chairman, Angel Semerdzhiev, told reporters in Sofia on Thursday.

Earlier this month, Bulgaria's gas monopoly Bulgargaz sought a 0.67% cut in domestic natural gas prices in the fourth quarter, explaining that its proposal reflects an 11% cut in gas delivery prices until the end of the year that Bulgaria negotiated with Russia's Gazprom last month.

Semerdzhiev said that he is optimistic about the outcome of talks between the Bulgarian government and Gazprom on future gas supplies, adding that he expects a further drop in the beginning of 2013.

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

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.