Russia's Gazprom Refutes Lower Gas Prices 'Talk'

Business » ENERGY | October 26, 2010, Tuesday // 15:45
Russia's Gazprom Refutes Lower Gas Prices 'Talk': Russia's Gazprom Refutes Lower Gas Prices 'Talk' Russia's Gazprom CEO, Alexey Miller (C). Photo by Sofia Photo Agency

The Russian energy giant "Gazprom" does not plan to lower gas prices for Bulgaria any further, the Head of the company's International Business Department, Stanislav Tsigankov, says.

Tsigankov, cited Tuesday by the Bulgarian National radio, BNR, pointed out gas prices for Bulgaria are the lowest in Europe and they actually are preferential prices.

"Right now there are no special circumstances to put the issue on the table again. The contract is effective and we recently updated prices and reached an agreement. We do not foresee any more changes, It must be just political talk," he pointed out.

During the summer, Bulgaria received a 4% rebate of the price of half of the delivered quantities, effective with a backdate of July, 2010.

Last week, after talks with the Gazprom CEO, Alexey Miller in Sofia, Bulgaria's Economy and Energy Minister, Traicho Traikov, stated new prices depend on the Russian energy company's "good will," adding for the new contracts, effective 2013, prices would be renegotiated again.

Miller traveled to Bulgaria to hold talks about the Bulgarian-Russian venture company for the construction of the Bulgarian segment of the gas pipeline "South Stream."

After meeting Traikov and Prime Minister, Boyko Borisov, the CEO refused to discuss gas prices with the media.

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Tags: Alexei Miller, Gazprom, Alexey Miller, Traicho Traikov, South stream, South Stream gas pipeline, South Stream gas pipeline project, South Stream project, Bulgaria, Russia, natural gas, Boyko Borisov, BEH, Romania

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