European Gas Prices Rise Amid Middle East Conflict Concerns
Natural gas prices in Europe increased by 2% during early trading on Monday, as ongoing conflict in the Middle East injected fresh volatility into the market
Gas prices in Bulgaria drop by 0.05% as of January 1, 2015, following a decision of the State Commission for Energy and Water Regulation (DKEVR).
As a result of the price decrease, 1000 cubic meters of natural gas will cost BGN 603.14, VAT excluded, excise duty excluded, in the first quarter of 2015.
State-owned gas supplier Bulgargaz demanded an increase by over BGN 12 per 1000 cubic meters of gas, but their request was not approved.
DKEVR Chair Svetla Todorova predicted a new gas price decrease in April in an interview for the Bulgarian National Radio.
She also said that electricity prices for household consumers would increase again in April or in July, adding that the extent of the price hike would depend on energy sector reforms.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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