Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Bulgaria had requested about a week ago a new, more favorable contract with Russia's "Gazprom".
The news was announced by Bulgaria's Energy Minister, Petar Dimitrov, during the energy business forum, held in the frame of the Sofia energy summit "Natural Gas for Europe."
The new contract must include less transit taxes and provide an alternative supply route should a gas crisis such as the one in January arise, Dimitrov stated, adding that the agreement would further include guarantees from Russia and clear text about the responsibility for compensations in case the supplies are halted.
The current contract with "Gazprom" expires at the end of 2010.
Dimitrov pointed out that Bulgaria's requests were going to be discussed during the official visit of Bulgaria's Prime Minister, Sergey Stanishev, to Moscow next week.
Stanislav Tsigankov, official "Gazprom" representative at the business forum, stated that his company had no intentions of signing a new contract with "Bulgargaz" because the current one had not yet expired.
The CEO of "Bulgargaz", Dimitar Gogov, on his part, said he did not care about Tsigankov's comments since "Bulgargaz" had already notified "Gazprom" about their request for new contract.
Tsigankov pointed out that during the upcoming visit of Bulgaria's PM to Moscow, "Gazprom" was only prepared to sign the "South Stream" project agreement.
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