Text size

Bulgargaz: Dramatic increase in natural gas prices expected in November

published on 10/26/23 1:48 PM

Photo: Alamy/ Reuters

The price of natural gas will increase by about 20% in November, according to estimates by state-owned supplier Bulgargaz. This is twice as much as the 11% increase announced at the beginning of October.

"The price will be lower than on the European gas markets, but significantly higher than the price set for October," confirmed the chairman of the State Energy and Water Regulatory Commission, Ivan Ivanov.

"Bulgargaz refused to commit to a specific price due to the complicated geopolitical situation and the continuously rising prices on international markets. Initially, the price announced by the company was just over 67 leva (34.24 euro) per megawatt-hour.

On the European exchange market, natural gas is currently sold for around 50 euro per megawatt-hour.

The Commission will announce its final decision on the gas price on 1 November.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Bulgargaz gas prices increase State Energy and Water Regulatory Commission

More from category

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..

published on 7/26/24 3:13 PM

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing

Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..

published on 7/25/24 9:45 AM

E-commerce to boost Bulgarian-Chinese trade turnover

Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..

published on 7/24/24 11:54 AM

WEATHER

Pick city: Sofía

Clear
Min: 17 | Max: 30

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price..

published on 7/26/24 3:13 PM

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing

Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits..

published on 7/25/24 9:45 AM

Share

Bulgargaz: Dramatic increase in natural gas prices expected in November

More from category

The state will continue to provide compensation to businesses over the price of electricity

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing

E-commerce to boost Bulgarian-Chinese trade turnover

The state will continue to provide compensation to businesses over the price of electricity

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing