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Chairman of Bulgaria’s energy watchdog: Natural gas prices are not expected to rise

Energy and Water Regulatory Commission’s Chairman Ivan Ivanov
Photo: BGNES-archive

Natural gas prices for November and December will not rise unless something extraordinary happens internationally, the Energy and Water Regulatory Commission’s Chairman Ivan Ivanov said at a round table in Sofia entitled “Green Transition”. 

In his words, the price of natural gas for November is expected to be even lower. Ivan Ivanov recalled that the price of natural gas for October decreased with 34%, which was mainly due to the fact that the Bulgaria-Greece gas interconnector started commercial operation on October 1. This was also due to the decline in natural gas prices at the Dutch gas trading exchange, which is a major hub for buying and selling gas. 

Ivan Ivanov pointed out that the EU gas storage facilities are 90% full and that Bulgaria’s gas storage facility is 77% full. 


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