Bulgaria Sees 4.5% Rise in Natural Gas Prices for August
In August, natural gas prices in Bulgaria will see a slight increase
Gas Prices in Bulgaria Down, Central Heating 3-7% Cheaper
- Tweet
Send to Kindle
The capital Sofia is expected to see the biggest decrease in heating rates, while smallest price cuts are due in Varna, Burgas, and Plovdiv. Photo by Sofia Photo Agency
Gas prices and heating rates are expected to drop by 9.8% and 3-7% respectively as of January 1, according to estimates of the State Commission for Energy and Water Regulation (DKEVR).
The capital Sofia is expected to see the biggest decrease in heating rates, while smallest price cuts are due in Varna, Burgas, and Plovdiv.
The 9.8% gas price decrease approved by DKEVR at the end of December last year means that gas prices will drop by BGN 71.89 to BGN 656.47 per 1000 cubic meters of gas as of January 1, 2013.
Dimitar Gogov, CEO of state-owned gas supplier Bulgargaz, has comented that the company would see its revenues drop by BGN 3.5 M – 4 M in the first quarter of 2013 as a result of DKEVR imposing a gas price reduction of 9.8%, rather than 9.3%, as Bulgargaz had proposed.
Gogov explained that Bulgargaz expected to see its uncollected revenues shrink by BGN 5.5 – 6 M in Q1, 2013 from the current rate of BGN 160 – 200 M.
In his words the state-owned gas supplier does not see its clients as enemies but they are also not supposed to treat Bulgargaz as a donor.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgargaz Seeks 400 Million Euros from Gazprom in Arbitration Claim
Bulgargaz has initiated legal proceedings against Gazprom, seeking 400 million euros in compensation for damages caused by the unilateral suspension
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
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
Bulgargaz Anticipates Liquefied Gas Deliveries via Alexandroupolis Terminal In May
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
Bulgargaz Loses 27% Market Share Due to Contract with 'Botas
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
European Commission Reminds Bulgaria of 2038 Coal Phase-Out Deadline
Bulgaria has committed to phasing out coal by 2038, a reminder included in the European Commission's annual report on energy across the EU
One in Four Bulgarians Struggles to Afford Winter Heating
One in four Bulgarians is unable to afford heating during the winter months
EU Gas Storage at 90% Full; Bulgaria Faces High Energy Poverty Rates
According to the European Commission’s annual report on the Energy Union, EU gas storage facilities are now 90% full
Westinghouse Unveils Pioneering AI System for Nuclear Power Generation
NEW NUCLEAR-SPECIFIC GenAI SYSTEM WILL ENABLE COMPANY'S CUSTOMERS TO DEVELOP NUCLEAR SOLUTIONS WITH THE HELP OF ARTIFICIAL INTELLIGENCE
Sofia to Enforce Complete Ban on Wood and Coal Heating by 2029
Starting in 2029, heating with wood and coal will be entirely banned in Sofia
Bulgaria Secures Engineering Contract with South Korean and American Firms for Kozloduy NPP Expansion
In the coming two months, the company "Kozloduy NPP - New Powers" is set to finalize an engineering contract with a consortium comprised of South Korea's Hyundai Engineering and Construction and the American firm Westinghouse Electric Company.
