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18.09.2012 15:26
Regulator Approves Natural Gas Price Cut
Bulgargaz has been able to propose lower gas price as it buys natural gas from Gazprom with an 11% discount as of April this year
AUTHOR: publics.bg


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The Bulgarian State Energy and Water Regulatory Commission (SEWRC) intends to concede to the price decrease for natural gas suggested by state-owned gas company Bulgargaz. As of October 1, natural gas will be 0.67% cheaper, if the regulator approves the suggestion on its September 25 meeting, Dnevnik reported.
 
The new price includes 1% addition for Bulgargaz which will help the state company to cover some of its unrecovered incomes, which lead the gas company to a difficult financial situation. According to Angel Semerdzhiev, head of the regulator, Bulgargaz has some BGN 150 mn. (EUR 75 mn.) unrecovered incomes. 
 
Bulgargaz has been able to propose lower gas price as it buys natural gas from Gazprom with an 11% discount as of April this year. The discount however will take effect only if Bulgaria confirms its commitment to the Russian-lead gas pipeline project South Stream by November 15. It is yet unclear how much will Russian gas cost to Bulgaria as of January 2013.

TAGS: Bulgara | natural gas | Gazprom | Bulgargaz | South Stream | pipeline 


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