Bulgargaz asked the energy regulator to increase the price of natural gas for March by 3.5% which will raise the cost to 58 euros per megawatt-hour compared to February, when it was 56 euros.
Production from the gas storage in Chiren has been suspended and by order of Energy Minister Alexander Nikolov the facility has switched to the mode of pumping additional quantities into Bulgaria's reserve gas hub, which has led to Bulgargas' demand for an increase in the price, explained Energy and Water Regulatory Commission chairman Stanislav Todorov.
So far, cheaper gas has been drawn from Chiren during the winter months, but because of fears that the war in Ukraine could lead to a gas supply crisis, a new reserve needs to be built up. This will force Bulgaria to use more imported gas, which is significantly more expensive.
On 7 March, the regulator will officially approve the new gas price for March.
"The benefit of the joint exercises of the security structures is enormous and today's demonstration was a realistic simulation of incidents that have actually happened in recent months... I believe that the Bulgarian border police..
"It will definitely not happen." This was what Prime Minister Rosen Zhelyazkov told journalists on the occasion of the new rules for the production of homemade rakia and wine published for public discussion. "The Ministry of..
"With bright minds like yours, pure hearts like yours and the ambition you possess, I am confident that our future is bright, harmonious and promising", said Prime Minister Rosen Zhelyazkov during an award ceremony honoring Bulgarian students who won..
The government of Prime Minister Rosen Zhelyazkov survived a fifth vote of no confidence, this time on the topic of "Internal Security and Justice." 133..
On Friday, the minimum temperatures in Bulgaria will be from 6 to 14°C, in Sofia - 7°C. During the day it will be sunny. A light to moderate wind will..
The parliament has adopted changes to the Railway Transport Act. The amendments transfer the requirements of the European directives to..
Clear
Partly Cloudy
Mostly Cloudy