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 wheat harvest is 80% complete. With average yield of 586 kg per decare, almost 5.8 million tons of wheat have been harvested. Over 1 million tons of barley have been harvested with 95 percent of the areas harvested and over..
Democracy, the rule of law and respect for human rights are the pillars of Bulgarian diplomacy.This was what Prime Minister Rosen Zhelyazkov said at the ceremonial reception at the Boyana Residence on the occasion of the Day of the Bulgarian..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price increases of between 9% and 15%, particularly in major cities. 'The introduction of the euro will..
Bulgaria’s National Assembly has passed, at second reading, amendments to the Road Traffic Act. Municipal cameras and those from the national toll..
Bulgaria has resubmitted its second request for payment under the National Recovery and Resilience Plan (NRRP), amounting to EUR 653 million. The..
The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112..
+359 2 9336 661