Bulgargaz

Bulgaria has agreed a 40% cut in the price of gas it imports under its long-term contract with Russia, its dominant gas supplier, Prime Minister Boyko Borissov said on Tuesday, Reuters reported.

The Energy and Water Regulatory Commission has accepted the reduction in the price of natural gas supplied to Bulgaria by Russia as of the beginning of January, by 1.81 percent compared to the previous quarter of the year, BNR reported.

The price of Russian natural gas for Bulgarian consumers will go down about 5 % due to a change in the entry point for natural gas deliveries from Russia, said Energy Minister Temenuzhka Petkova.

Within the frameworks of the 4th summit in Thessaloniki, Prime Minister Boyko Borissov met with the US Ambassador to Greece Geoffrey Pyatt.

Prime Minister Boyko Borissov has met with U.S. Ambassador to Greece Geoffrey Pyatt on the sidelines of the 4th Thessaloniki Summit, the government press office reported.

Electricity, hot water and hot water prices will rise from July 1. On average, the heat price increases by 4.5%. Most expensive will be in Razgrad - with an increase of nearly 18% and Gabrovo - by almost 13%. After them are Vratsa, Veliko Tarnovo and Plovdiv.

The jump in the electricity price is on average about 3.5% for the country. The increase is within annual inflation. 

The Energy and Water Regulatory Commission will hold an open gas price meeting for the third quarter.

At the request of Bulgargaz, the price may fall slightly - by about 1%. This will affect suppliers and customers connected to the gas network.

By the end of June, KEVR should also announce the price of electricity and heating. However, an increase is expected for them.

Liberalization of the gas market through the creation of a separate gas trade - this is the main idea of ​​the changes in the Energy Act, prepared by GERB and the United Patriot, reported Econ.bg

Bulgaria is starting to consume US liquefied gas, which is a first step towards diversifying supplies and reducing dependence on imports of Russian natural gas only. On Thursday evening, at the Greek LNG Revituse, the first tanker arrived with 90 million cubic meters of raw material for Bulgargaz, the unloading of which will start today,  June 1st.

Hristo Kazadjiev predicts gas price growth in the coming months, reported NOVA TV. 
"Bulgaria can import gas from the US at a bargain price and minimize transport costs for the raw material." This is the energy expert Hristo Kazandzhiev in an interview with Darik. He predicts a rise in gas prices in the coming months, DarikNews reports.