Mayor Assures Sofia Residents: No Risks for Heating Season
Sofia's Mayor Vasil Terziev reassured residents that there are no risks for the upcoming heating season after a meeting with Energy Minister Vladimir Malinov
Bulgaria’s state-owned gas supplier Bulgargaz has submitted with the Commission for Energy and Water Regulation a proposal for a decrease in the price of natural gas by 13.17% as of April.
Provided that the energy watchdog approves the requested price drop, the price of natural gas will settle at around BGN 524 per 1000 cubic meters, VAT and excise duty included, according to reports of the Bulgarian National Radio (BNR).
The Commission for Energy and Water Regulation announced that the price decrease sought by Bulgargaz could result in a slight decrease in heating rates.
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
Energy experts and economists have urged the Bulgarian government to consider purchasing the Lukoil refinery in Burgas
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