Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Bulgargaz, the public gas supplier of Bulgaria, revealed its proposed final natural gas price for December at 87.50 BGN/MWh (excluding excise duty and VAT), marking a 6.5% increase compared to November. The company emphasized that while this hike is lower than initially anticipated, it represents a significant rise for the upcoming month.
During an Energy and Water Regulatory Commission (EWRC) meeting, Bulgargaz's commercial director, Veselin Sinabov, initially forecasted a December price surge of 7.5% over November's rates. However, the final proposed increase, submitted by Bulgargaz to the EWRC on November 14, stood at 7.9%, with a proposed price of 88.61 BGN/MWh.
For November, the EWRC had approved a natural gas price of 82.12 BGN/MWh. Bulgargaz's announcement for December signifies a notable uptick in gas rates, potentially impacting consumers and businesses in the upcoming month.
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