Gazprom plans no further reduction of natural gas prices for Bulgaria.

By bne IntelliNews October 27, 2010
Russia's gas energy major Gazprom does not intend to cut further the prices of natural gas for Bulgaria, the manager of the external relations department of the company Stanislav Tsigankov said for the national radio BNR. Tsigankov commented that the prices of the gas supplies to Bulgaria are the lowest in Europe. We remind that the local authorities informed in July that Gazprom agreed to sign annexes to the existing gas supply contracts but declined to announce the details of the agreement. Economy and energy minister Traycho Traykov stated that without the said agreement and the local extraction by UK's Melrose Resources, natural gas prices would have risen by 13-14% as of Oct 1. Instead, the state energy commission allowed a 0.94% decrease. Minister Traykov hoped to negotiate further reduction of the price of the natural gas deliveries to Bulgaria during the visit of Gazprom CEO Alexey Miller in Bulgaria earlier in the month.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss