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Commenting article: Russia's Gazprom Refutes Lower Gas Prices 'Talk'

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.

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#1
Highlander - 27 Oct 2010 // 12:49:58

Same old story.

The Bulgarian Government has been wobbling quite a lot regarding South Stream, Nabucco, Belene and the Burgas/Greece oil pipeline and has not gained anything by "scrapping" or revitalizing these projects every second month.
Gazprom knows perfectly well that it's potential Bulgarian partner in South Stream is unpredictable and more trouble and endless renegotiations, is to expect. Bulgaria has absolutely no financial capacity for a 50/50 Joint Venture with Gazrom, and to speculate in EU part funding/financing would certainly be a dead end.

The intention to make a joint venture with Gazprom was made in panic after Gazprom's meeting with Romanian authorities. But as always Bulgaria is trying to get benefits and advantages without offering anything in return, but worthless political intentions.

My best guess is that Bulgaria now will try to find any excuse for withdrawing from the project as it's political "blackmail" for lower prices has failed - and there will be no joint venture.

#2
Dino the Athenian - 28 Oct 2010 // 19:34:05

Could this be a precedent for BG?

Is BG paying more than $230/1000 m3?

http://en.rian.ru/world/20101028/161122187.html

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