Bulgargaz

"Bulgargaz" Ltd. submitted to the Energy and Water Regulation Commission (EWRC) an application for approval of the price for the month of April 2023. The price, in the amount of BGN 103.08/MWh (without prices for access, transmission, excise duty and VAT), was established in accordance with Art. 17 of Ordinance No.

BGN 124.35/MWh (excluding excise duty and VAT) is the final proposed price for February 2023 at which Bulgargaz EAD will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy.

The recent announcement of a long-term energy agreement between Turkey and Bulgaria giving Bulgargaz access for 13 years to the regasification terminals of Turkey's state-run Botas pipeline company, thus offering assured quantities, came as a surprise to some and caused consternation in Athens.

The natural gas deal with Bulgaria is a step forward in Türkiye's efforts to become an energy hub, Energy Minister Fatih Dönmez has said.

"With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria," Dönmez added.

Bulgargaz will have access to Turkey's terminals and gas transmission network. Up to 1.5 billion cubic meters of natural gas can be transferred annually to Bulgaria from Turkey. This became clear after Bulgargaz and the Turkish gas transmission company Botas signed a 13-year cooperation agreement.

"The gas for 2023 is secured, the expectations are for stabilization of the prices in the coming winter months", Deputy Minister of Energy Elenko Bozhkov said on BNT.

According to him, the warmer winter means less gas used from the gas storage in Chiren.

Bulgaria: Increase in Price of Gas for January, a Jump of 22.7% compared to December

All necessary quantities of natural gas for the operation of "Toplofikatsia Sofia" (Heating Systems Sofia) will be provided. A contract has already been signed between the district heating company and Bulgargaz.

This became clear after a meeting between the Acting Minister of Energy Rosen Hristov and the Chairman of the Sofia Municipal Council Georgi Georgiev.

President Rumen Radev described as shocking the price of natural gas for September after returning from an official visit to the UAE. Yesterday, the Commission for Energy and Water Regulation (EWRC) decided that it would rise the price by nearly 19% compared to August and make it BGN 353.21/Mwh.

"Toplofikatsia Sofia (Heating Systems Sofia) owes BGN 399 million to Bulgargaz," Denitsa Zlateva, executive director of Bulgargaz, announced on BNT.

She reminded that "Bulgargaz" cannot by law stop the supply of gas to heating companies and will seek new loans from the Ministry of Energy.