Russia to Grant Surprising Discount on Natural Gas Prices for Bulgaria

Business » ENERGY | March 30, 2012, Friday // 17:04| Views: | Comments: 0
Bulgaria: Russia to Grant Surprising Discount on Natural Gas Prices for Bulgaria Energy and Economy Minister Delyan Dobrev has announced that Bulgaria will get an 11% discount on Russian natural gas. Photo by BGNES

Russia will grant a discount of around 11% on natural gas prices from April 1, according to preliminary reports of Gazprom cited by Energy and Economy Minister Delyan Dobrev.

Bulgaria currently pays USD 600 per 1000 cubic meters, which will be reduced to USD 534 per 1000 cu m from April, according to preliminary data.

The discount will be valid for the next nine months.

The news came out after Friday's meeting in Moscow between the Bulgarian Energy Minister, his Russian counterpart Sergey Shmatko and Gazprom CEO Alexei Miller.

In the course of Friday's talks, Gazprom expressed interest in the construction of a natural gas power plant in Belene, following the suspension of the project for building a nuclear power plant on the site.

The Russian energy giant vowed to study the opportunities for its participation in the gas power plant scheme.

As regards the Belene NPP project, Bulgaria undertook a commitment to pay everything that had already been prepared, with the exact sum to be specified in April, the Bulgarian National Radio (BNR) reported.

Russia also said it would take part in the activities surrounding the transformation of the two units earmarked for the Belene NPP project into one reactor that would be mounted at the Kozloduy NPP.

The issue of Bulgaria having to pay penalties for its withdrawal from the Belene NPP project was not brought up during the talks.

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Tags: Delyan Dobrev, Belene NPP, Kozloduy NPP, gas prices, Gazprom, Energy and Economy Minister, Sergey Shmatko, Alexei Miller
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