Bulgaria's Natural Gas to Become 33,14% Cheaper in July 2009

Business » ENERGY | June 16, 2009, Tuesday // 19:11
Bulgaria: Bulgaria's Natural Gas to Become 33,14% Cheaper in July 2009 The head of the DKEVR, Konstantin Shushulov, is going to chair the session on June 23 to decide on the proposed greatest quarterly gas price reduction in Bulgaria. Photo by BGNES

Bulgaria's natural gas prices might go down by 33,14% starting July 1, 2009, according to a report of the State Commission for Energy and Water Regulation (DKEVR).

This price reduction was proposed to the Commission by the Bulgarian state-owned gas monopoly Bulgargaz at the beginning of June. If it is implemented, this will be the greatest ever reduction of natural gas prices in Bulgaria compared to a previous quarter.

Thus, Bulgaria's natural gas prices are suggested to be BGN 365,03 per 1 000 cubic meters without the VAT. Compared to the second quarter of 2009, the 33,14% decrease means a reduction of BGN 180,94 per 1 000 cubic meters without the VAT.

The proposed new gas prices include a fee for transit through the Bulgarian gas network of BGN 19,73 per 1 000 cubic meters.

The proposed new prices will be considered on June 23 during a meeting of the DKEVR, which will be open to the public.

 

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Tags: natural gas, DKEVR, State Commission for Energy and Water Regulation, Bulgargaz

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