Bulgargaz

Public Gas Corporation (DEPA) has sold natural gas to Bulgaria at a price 10 percent below the Bulgarian regulated rate and 16 percent below the rate offered to its major clients in Greece, thereby subsidizing industry in the neighboring country.

Bulgaria's Bulgargaz has struck a deal to buy 1.5 million megawatt hours of natural gas from Greece's Public Gas Corporation (DEPA), the first time the state provider has bought gas outside its long-term contract with Russia's Gazprom.

This is the first time in the history of the company, reported NOVA TV. 

For the first time in its history, Bulgargaz announces a competition for a non-Russia natural gas supplier. Nikolay Pavlov, the executive director of the company, announced today.

The Energy and Water Regulatory Commission discusses how much to increase the price of the natural gas from April 1, reported NOVA TV.

Now the price is about BGN 44  per megawatt hour.

Bulgargaz, however, has already demanded an increase of 0.8%. The reason for the requested price increase is the appreciation of the dollar and the alternative to gas.

Azerbaijan and Bulgaria are eager to expand cooperation in all fields, where the sides see great potential, in order to achieve more visible results, Nikolay Yankov, Bulgarian Ambassador to Azerbaijan, reports Azernews.

The ambassador stressed that great cooperation in the energy field is already established between the states.

Bulgaria has pledged to build a new pipeline to pump Russian gas from Turkey to Serbia, EUOBSERVER reports.

Three firms, including Russia's Gazprom, Bulgaria's Bulgargaz, and Swiss firm MET signed contracts to use it.

Bulgaria will build a pipeline to transport mainly Russian natural gas to Serbia from its border with Turkey after three companies, including Gazprom, filed binding offers for capacity at its gas network, officials said on Thursday, reports Reuters. 

The construction of the Greece-Bulgaria gas interconnector should start within 2-3 months, Energy Minister Temenuzhka Petkova told MPs in response to a question about gas supplies from Azerbaijan, Focus News Agencyreports. She said that building necessary infrastructure and concluding supply contracts were prerequisites for gas diversification.

The Energy and Water Regulatory Commission decides on the next year's water price, reported the Bulgarian National Television.

An increase is expected in 27 regions across the country.

Bulgartransgaz on 21st of December launched a public procurement procedure for the construction of the Bulgarian section of Turkish Stream. Earlier today, the Energy Regulator gave permission for the state-owned company to start pre-selling the pipeline capacity, the funds from which will be used to finance the project, reports BNT.