Borissov-Linked Company Seeks to Acquire Gazprom Stations in Bulgaria?
According to the opposition political party "Revival", Gazprom is in the process of selling its network of gas stations in Bulgaria
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photo : BGNES
''Power engineering should not be used for political purposes. The natural gas price in Bulgaria is fully determined by market factors. Any attempts to derive political dividends from the issue poses danger to the security of the energy system and the vitality of the energy companies in the country as well as the national security'', reads a position published on the website of the Council of Ministers.
The natural gas price on the internal market is determined by an independent regulator, the Energy and Water Regulatory Commission (EWRC), in accordance with the effective Energy Act and Ordinance No. 2/2013 on the regulation of the natural gas prices.
The separate ministers and governments do not have powers to suggest energy prices or interfere in the regulator's work. The Commission members are elected by the National Assembly and controlled by the latter body.
Bulgargaz EAD buys natural gas at market prices in US dollars from Gazprom Export but sells the gas to its clients on the country's territory at regulated prices, determined by EWRC.
''Bulgargaz is obliged to maintain reserves in the Chiren gas depot to the amount of around 300M cu m annually. For this purpose, in the next six months the state company will have to pay around BGN 100M. About 80% of these amounts will be go for compensation of uneven consumption'', the caretaker government says.
''The caretaker Cabinet will not undertake steps, that would expose the security gas supplies to a risk no matter what kind of pressure would be exerted on it'', the position also says.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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