Bulgargaz

Energy Watchdog Chair: There is no Way Money Can be Refunded to Consumers as a Result of Gas Price Reduction

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.

PM Borissov: Greece-Bulgaria Interconnector Pipeline Is of Strategic Importance for Ensuring Energy Security in the Region

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, Heating and Hot Water Prices Will Rise from July 1

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. 

Bulgaria will Open Talks with Gazprom on Reducing the Price of Natural Gas

Bulgaria will start talks with Gazprom on lowering the price of natural gas, Bulgaria's Energy Minister Temenuzhka Petkova said on June 21. Bulgaria will refer to the decision of the European Commission, which allows the parties disadvantaged by the Russian company because of the higher prices to start negotiations, reports BNT

First American Liquefied Gas for Bulgaria

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.

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