NatGas, Heating Prices To Fall by 7.0% at least as of Jan 1

NatGas, Heating Prices To Fall by 7.0% at least as of Jan 1

The prices of natural gas and central heating in Bulgaria will fall at least by 7.0% as of the beginning of next year as a result of the recent gas supply deal with Russia's Gazprom, which provides for a 20% discount in prices, the head of the country's regulator said.

The exact tariff will become clear by December 10, when the deadline for state-owned gas company Bulgargaz to submit its proposal for natural gas prices in the following quarter, expires, state-run Bulgarian National Television quoted the chairman of the State Commission for Energy and Water Regulation, Angel Semerdzhiev, as saying on Tuesday.

The price cut will have an immediately effect on bills for central heating as extraordinary check-ups on the end clients' heat meters will be launched, Semerdzhiev added.

Bulgaria's energy regulator revises gas prices on a quarterly basis.

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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