Bulgargaz

President Rumen Radev described the prime minister's visit to Skopje as hasty. Kiril Petkov did not agree with Radev's assessment.

Commenting on the dismissal of the director of Bulgargaz, the president noted that he was worried about inflation - how Bulgarians are coping with rising prices and high bills, as well as the future of energy.

The EU is talking about securing gas supplies to Europe with several countries, including the United States, Norway, Qatar and Azerbaijan. This was announced today by a spokesman for the European Commission at a press conference in response to questions.

The entire management of Bulgargaz has been replaced following a decision by the Bulgarian Energy Holding, BNR reports.

Lyudmil Yotsov has been elected executive director of the company - in place of Nikolay Pavlov, according to a protocol of BEH, published in the Commercial Register.

The world is in a state of "gas war", sharp rises in industrial electricity prices are expected, and the situation will not improve soon.

This was said by the energy expert Vasko Nachev in tv interview on Bloomberg TV Bulgaria.

The final prices will be discussed at the end of the month

Natural gas to increase in price by nearly 16 percent in October, "Bulgargaz" has suggested to the energy regulator. However, the calculations were made more than 10 days ago, during which the prices of natural gas on European stock exchanges continued to jump.

Bulgaria's Energy and Water Regulatory Commission (EWRC) has endorsed a price of 45.27 leva/MWh for natural gas, effective June 1, 2021, the regulator said in a press release on Monday.

The new price, which excludes the charges for access, transmission, excise duty and VAT, is 20 per cent higher than its May 1 level (37.71 per cent) and 122 per cent up from June 1, 2020.

The right-hand man of Hristo Ivanov, MP of Democratic Bulgaria Hristo Mirchev, posted on his Facebook wall quite worrying news, given that the price of natural gas leads to price adjustments of almost everything. That is why the information that the "post-election" price of natural gas is jumping dramatically is, to put it mildly, alarming for Bulgarians in general.

From December 31, Bulgaria will start receiving natural gas from Azerbaijan. According to the signed contract between Bulgargaz and the Azerbaijani oil company SOCAR, 1 billion cubic meters of gas per year will be delivered to our country from the Shah Deniz 2 gas field for a period of 25 years, the government press office reported.

The price of natural gas is 53% lower today compared to a year ago, Prime Minister Boyko Borissov said at an extraordinary government meeting.

Ivan Ivanov, chair of the Energy and Water Regulatory Commission stated that without amendments to the law there is no way money can be refunded to consumers as a result of the reduction in natural gas prices. He added that such a decision with retroactive effect would be annulled in court, BNR reported.