Fuels

Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas

"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.

Countires reverting to coal

The Dutch have joined Germany and Austria in reverting to coal power following an energy crisis provoked by Russia's invasion of Ukraine.    

The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output.    

The Greece-Bulgaria Interconnection started Test Gas Supplies

The Greece-Bulgaria gas interconnection (IGB) has started test gas supplies, the project company ICGB AD told Trend news agency.

"We have started test deliveries with real quantities of natural gas, as planned. However, this is not the beginning of commercial exploitation," the ICGB said.

Bulgaria: What is the Price of Natural Gas for June

The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.

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