Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has approved the proposal of Bulgargaz to reduce the price of natural gas by 2.73% as of April 1, 2014.
The price of natural gas in the second quarter of 2014 will be BGN 612.80 per 1000 cubic meters, VAT excluded, excise duty excluded.
State-owned gas supplier Bulgargaz clashed with the energy watchdog on the extent of the gas price cut in Q2, 2014, with Bulgargaz seeking a decrease by no more than 2.73% and DKEVR proposing a reduction by 4.56%.
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