Energy regulator sets lower natural gas prices for Q3

Bulgaria’s Energy and Water Regulatory Commission (EWRC) on June 28 approved the price of natural gas for the third quarter. The price is set at 44.90 lv/MWh, excluding charges for access, transmission, excise duty and VAT, which is 0.6% less compared to the current price for the current quarter.

The natural gas price set by the Commission does not include charges for access and use the natural gas transmission network, which customers have to pay to end suppliers.

The quantity of natural gas procured by Bulgargaz EAD for delivery from imports for the third quarter of 2019 is 5 503 905 MWh, which are formed under a contract with "Gazprom export" and under contract with "Kolmar NL B.V.". According to the concluded contract for the purchase and sale of natural gas between Kolmar NL BV and Bulgargaz EAD, the agreed delivery price is lower than the expected price under the contract with "Gazprom export", which was taken into account when determining the sale price of the natural gas for the third quarter of 2019.