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.
On Tuesday, the lowest temperatures will range from 17°C to 24°C, in Sofia 17°C. It will be sunny during the day, with temporary increases in cloudiness over the mountainous regions in the afternoon . The maximum temperatures will be between 37°C..
During a one-day official visit to London at the invitation of the British side, Bulgaria’s Foreign Minister Georgi Georgiev held a bilateral working meeting with the UK’s Foreign Secretary, David Lammy . The two ministers discussed the progress of, and..
A group of citizens gathered outside the Commission for Anti-Corruption (CAC)'s building to demand the resignation of Anton Slavchev , the commission's acting chair, and the body's complete abolition. The protest was organised by the civil movement Boec,..
Bulgaria and six other EU member states have not signed a joint statement condemning Israel over the situation in Gaza. The statement was signed..
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price..
+359 2 9336 661