Bulgaria's Bulgargaz Plans to Seek 6.61% Drop in Gas Prices in Q3

Bulgarias Bulgargaz Plans to Seek 6.61% Drop in Gas Prices in Q3
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Τρι, 12 Μαΐου 2015 - 16:30
Bulgarian gas monopoly Bulgargaz said on Monday it plans to ask the regulator to approve a 6.61% decrease in the price at which the company sells natural gas to its wholesale clients in the third quarter of 2015.
Bulgarian gas monopoly Bulgargaz said on Monday it plans to ask the regulator to approve a 6.61% decrease in the price at which the company sells natural gas to its wholesale clients in the third quarter of 2015.

The tariff of 489.10 levs ($279/250 euro) per 1,000 cu m proposed by Bulgargaz does not include Value Added Tax and excise duties, the company said in a notice on its website.

It reflects an expected drop in the price which Bulgargaz will pay for gas supplies in the July-September period, the company added.

Bulgargaz will make public its final proposal for third-quarter natural gas prices on June 10, upon submitting it with the energy regulator.

The adjustment in the wholesale tariff, made on a quarterly basis, must be approved by the energy regulator to take effect.

Bulgargaz is a subsidiary of the state-owned Bulgarian Energy Holding.

Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

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