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Natural gas prices expected to fall sharply in November

Photo: Alami/Reuters

The price of natural gas could fall 45% in November, Denitsa Zlateva, CEO of Bulgargaz, told the energy watchdog. The proposed price for November is EUR 65 per megawatt hour, compared to EUR 117 for October. The decrease is due to the lower prices on international exchanges and the launch of commercial operation of the Bulgaria-Greece gas interconnector, which transports the full volumes of Azeri gas under the contract with Bulgaria. Bulgaria reserved regasification gas slots at Greece's Revithoussa LNG terminal. In addition, Bulgargaz is bidding for terminals in Italy and Turkey to secure gas supplies for 2023, Denitsa Zlateva said.

Bulgaria's gas storage facility in Chiren will be 90% full by November 1, the Chairman of the Energy and Water Regulatory Commission Ivan Ivanov said for the Bulgarian National Television. 




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