Bulgaria Cuts Gas Price by 2.73% in Q2

Bulgaria's energy regulator said on Wednesday it has cut the gas price by 2.73% in the second quarter of the year, as proposed by the country's gas monopoly Bulgargaz.

The maximum price Bulgargaz can charge end suppliers and customers per 1,000 cubic metres of natural gas is 612.80 levs ($436.3/313.3 euro), the State Energy and Water Regulatory Commission (SEWRC) said in a notice on its website.

The price limit at which Bulgargaz can sell natural gas to customers who are connected to its low pressure network us 620.52 levs per 1,000 cubic metres, SEWRC added.

The price changes will take effect as of April 1.

The decision can be appealed within 14 days before the Supreme Administrative Court.

Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

Bulgargaz is a subsidiary of state-owned Bulgarian Energy Holding.

Source: SeeNews