Bulgargaz

Bulgaria and Azerbaijan's leaders are to seek a renewal of the Nabucco gas pipeline project which came to a halt a few years back, Bulgarian PM Boyko Borisov has announced.

His comments came at a press conference following a meeting with Azerbaijan's President Ilham Aliyev, who is on a visit to Sofia on Wednesday.

Bulgaria's state-owned gas supplier Bulgargaz will propose a reduction in the price of natural gas in Q2, 2015 to the energy watchdog.

A new CEO is taking over the state-owned gas supplier Bulgargaz, media reports suggest.

Petar Ivanov is to succeed Dafinka Yankova, who joined the Board of Directors in 2013, according to Capital Daily.

Bulgargaz has not yet confirmed or denied this, and the reshuffle cannot be seen on the supplier's website.

Heating utility Toplofikatsiya Sofia has run up debts of BGN 627 M in unpaid gas bills.

The major portion of the debt, BGN 500 M, is to be paid to the Bulgarian Energy Holding (BEH), while the remaining sum of BGN 127 M is owed to state-owned gas supplier Bulgargaz.

Gas prices in Bulgaria drop by 0.05% as of January 1, 2015, following a decision of the State Commission for Energy and Water Regulation (DKEVR).

As a result of the price decrease, 1000 cubic meters of natural gas will cost BGN 603.14, VAT excluded, excise duty excluded, in the first quarter of 2015.

For a second time in 6 months, banks have refused to provide a loan to Bulgaria's state-owned gas supplier Bulgargaz.

In October, a public procurement for BGN 140 M was opened, which was subsequently terminated, according to the website of the Public Procurement Agency, as cited by the Bulgarian National Radio.

State-owned gas supplier Bulgargaz has sent letters to all heating utilities to inform about supply cuts necessitated by the reduction in gas deliveries received via the pipeline through Ukraine.

...

Bulgaria should specify the point at which it will receive gas from Azerbaijan by 2020, the deadline for the completion of the Trans-Adriatic pipeline (TAP), according to Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR).

An increase in gas prices from October 1 is to dominate the energy regulator DKEVR's agenda on Tuesday.

The watchdog's session comes as state-owned gas company Bulgargaz has demanded a 1.6-percent hike.

Bulgaria and Azerbaijan have signed two gas cooperation agreements, according to a media statement of the Ministry of Economy and Energy.