Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Bulgaria Watchdog Lowers Gas, Heating Prices
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The Head of the State Commission for Energy and Water Regulation, Konstantin Shushulov, announced Tuesday natural gas and central heating price reductions.
Bulgaria's Energy and Water Regulator confirmed Tuesday natural gas and central heating price reductions.
The gas price is going down by 11,18% or BGN 69 per 1000 cubic meters compared to the first quarter of 2009. The state owned gas supply company Bulgargaz will sell gas in the next tree months to end suppliers and consumers at BGN 545,97 per 1000 cubic meters (no VAT included).
There will be additional reductions of gas prices in July and October 2009, the Head of the State Commission for Energy and Water Regulation, Konstantin Shushulov, announced.
Bulgargaz has been asked to submit their future prices' forecast by the end of the week.
In addition to gas prices, the Regulator lowered prices of central heating by a range of 5% to 8%.
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Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
