site.btaBulgargaz Proposes 1.94 Per CentNatural Gas Price Reductionfor First Quarter of 2020

December 11 (BTA) - Bulgargaz EAD has proposed to the Energy and Water Regulatory Commission to approve a price of natural gas for the first quarter of 2020 amounting to 43.98 leva/MWh (excluding the prices of access and transmission, excise duty and value added tax), the sole public supplier said in a press release on Tuesday.

This price applies to end providers of natural gas and to persons licensed for heat production and transmission.

Compared to the price approved for the fourth quarter of 2019 (excluding access, transmission, excise duty and VAT), the price proposed for the first quarter of 2020 is 0.87 leva/MWh or 1.94 per cent lower.

The price decrease is due to the expected lower delivery charges as a result of a change of the delivery destination to Strandja/Malkoclar at Bulgaria's border with Turkey, effective January 1, 2020.

"Bulgargaz EAD is holding negotiations with Gazprom Export on a reduction of the natural gas supply cost for Bulgaria. Even though the deadline for reaching agreement expired on December 3, 2019, the two parties continue the negotiations, with the Bulgarian company insisting that the supply cost for Bulgarian customers should reflect the price fluctuations at the liquid continental gas hubs and the effective prices at the borders between Germany, France and Italy," the press release says. "The interest of both parties presupposes that the negotiations are finalized in the shortest possible time," Bulgargaz adds. DT/LG

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