Bulgaria’s natural gas price surges

Must read

Housing activists clash with environmentalists over mass timber factory homes: ‘We have to do this’

Inside a warehouse at the industrial Port of Portland lies what some believe could be the answer to Oregon’s housing crisis — a prototype of an...

It’s ‘Adios!’ to ‘Aloha!’ as the Left-wing Word Police Strike Again

I like to consider myself a lover of language and words; you have to be if you are...

Report: RNC Members Defying Republican Voters, Refuse to Back Trump

The New York Times contacted all 168 members of the Republican National Committee (RNC) and found just four...

Woke on Steroids: Vanderbilt University Prof Claims Math is Racist White Supremacy and Anti-Gay

Remember when we used to hear professors and scientists talk about how math was the universal language of...

The price spiked after Sofia rejected Russia’s demand to pay for supplies in rubles

The natural gas price in Bulgaria has soared by 13.7%, the state news agency BTA reported on Friday.

Bulgaria’s Energy and Water Regulatory Commission (EWRC) has set a new price of 162.17 BGL, or €82.83 per megawatt hour (MWh) compared to the April rate of €72.83, according to the agency.

The EWRC said the increase will have a minimal impact on household bills, as the heating season has ended. The regulator attributed the price rise to the supply freeze from Russia.

Russian energy giant Gazprom suspended gas exports to Bulgaria and Poland in late April after they refused to make payments in rubles.

In March, Russian President Vladimir Putin required states that have imposed sanctions on Russia, and are still importing its gas, to use the Russian currency for transactions. Several EU countries have accepted Moscow’s demand.

Bulgargaz, the largest Bulgarian natural gas distribution company, has said Azerbaijan will provide the country’s entire supply from this summer, albeit at a higher price. Later on, Bulgaria plans to connect to an as-yet-unfinished Liquefied Natural Gas (LNG) terminal in Greece, where gas will be imported by ship, likely from the US.

Earlier this month, the Bulgarian Federation of Industrial Energy Consumers (BFIEC) said industry workers were preparing to protest over soaring gas prices. Bulgarian businesses called on the government to take steps “to make it possible to resume talks with Gazprom” after the Russian company cut off gas supplies to the country.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Housing activists clash with environmentalists over mass timber factory homes: ‘We have to do this’

Inside a warehouse at the industrial Port of Portland lies what some believe could be the answer to Oregon’s housing crisis — a prototype of an...

It’s ‘Adios!’ to ‘Aloha!’ as the Left-wing Word Police Strike Again

I like to consider myself a lover of language and words; you have to be if you are...

Report: RNC Members Defying Republican Voters, Refuse to Back Trump

The New York Times contacted all 168 members of the Republican National Committee (RNC) and found just four...

Woke on Steroids: Vanderbilt University Prof Claims Math is Racist White Supremacy and Anti-Gay

Remember when we used to hear professors and scientists talk about how math was the universal language of...

Watch: Biden Judge Nominee Can’t Answer Basic Questions About the Constitution

By Dr. Derek Ellerman More and more often, I encounter “normies” – normal people who aren’t...