“Bulgargaz” Demanded a Shock Increase in Gas Prices by as much as 36%. EWRC approved

"Bulgargaz" asked the Energy and Water Regulatory Commission to increase the price of gas for October by a shocking 36.2% compared to the previous month. This is extremely surprising, because the previous request was for a jump of "barely" 16%. The nominal expression of the requested increase means that a megawatt-hour will cost a little over BGN 94.

Side Effects of High Russian Gas Prices and What Gazprom Can Do about It - IEA

The International Energy Agency (IEA) said on Tuesday (21 September) Russia could do more to help alleviate gas supply issues in Europe which have driven prices up to record highs over the past month.

The comments come after a group of European Parliament lawmakers last week asked the European Commission to investigate Gazprom's role in soaring European gas prices.

Bulgarian Regulator Adopted Increase of Gas Price Backdating it April 1st

The Energy and Water Regulatory Commission (EWRC) decided to increase the price of natural gas backdating it from April 1.

New price will be to 33.19 BGN per megawatt-hour (excluding excise, VAT, storage and transmission fees), which means that the price is increased by almost 16 percent.

Oil Exploration off Montenegro Triggers Fears for Environment, Tourism

Projections suggest Montenegro might have enough oil and gas out at sea to cover its own needs. It signed a concession contract in 2016 and officials say the first exploratory drilling might take up to six months.

But local residents and environmental activists are worried.

"There is no vision," said Natasa Kovacevic of the NGO Green Home.