We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Bulgarian Minister: The Increase in Price of Gas is 54% not 90% because of the Deal with Azerbaijan

BLACK SEA
OIL & GAS

Bulgarian Minister: The Increase in Price of Gas is 54% not 90% because of the Deal with Azerbaijan

Resigned Energy Minister Alexander Nikolov said that Bulgargaz's proposal to increase the price of blue fuel by 54 percent in August was not due to the middlemen. - Novinite

I don't think that the speculation with the intermediaries is sustainable, looking at the structure of the market. Unfortunately, at the moment the price of the European index is over 200 euros. The last month the increase is over 90 and a few percent. The truth is that we balance with quantities and the fact that there is already natural gas from Azerbaijan results in the increase being 54%, not 90%.

Alexander Nikolov, Energy Minister

Nikolov stated that the most important thing is to ensure quantities of gas, as a mechanism has been developed and applied during the winter months to compensate consumers, and the next government will consider whether to implement the scheme.

That is, the formula for solving the problem is a little easier for the next government. It is whether and in what amount there should be compensation for expenses during the winter period.

Alexander Nikolov, Energy Minister

Relevant news

BLACK SEA
OIL & GAS
Romania aims to produce 90% of its natural gas requirements as Russia cuts supplies
In order to revive gas and oil exploration and development, Romania enacted the Offshore Bill in mid-May.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Industrial parks and sites in Azerbaijan attract over $3.7 billion in Investments
Investments in industrial parks and sites in Azerbaijan have reached $3.7 billion.
BLACK SEA
OIL & GAS
Bulgaria works on renewables portfolio expansion, plans offshore wind, floating solar
Bulgaria intends to start pilot projects for floating solar power plants and geothermal power plants by the end of the year.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Azerbaijan investment company OJSC and Italian Technip Energies Italy S.P.A. signed cooperation agreement
OJSC and Technip Energies signed cooperation agreement.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan, Azerbaijan and Turkey Seek Ways to Boost Cooperation in Logistics and Transport
Kazakhstan, Azerbaijan, and Turkey convened in Baku to explore ways to boost cooperation in logistics and energy.
BLACK SEA
OIL & GAS
Gas imports of Romania have increased by 50% in January and were four times more expensive
Romanian gas imports have increased in the first month of this year by 50% against the same month of last year according to ANRE