(MENAFN- AzerNews) Bulgarian Energy and Water Regulatory Commission approved the
price of gas in April in the amount of 98.16 leva (about 49.8
euros) per 1 MWh without additional payments, while in March it was
106.74 leva ( about 53.37 euros), Azerrnews reports.
"The price of Azerbaijani gas was included in the calculation of
the cost of the gas mixture, which is supplied through the
Interconnector Greece-Bulgaria (IGB) in accordance with the current
long-term agreement with Azerbaijan. These volumes cover about 51.9
percent of the country's consumption and are key to achieving
favorable gas prices," the Commission stated.
The Interconnector Greece-Bulgaria began commercial operation on
October 1, 2022.
Since the beginning of the current heating season, the
interconnector provides nearly 1/3 of the winter consumption of
natural gas in Bulgaria. IGB is the first route for diversified
supplies of natural gas to Bulgaria, guaranteeing increased
security of supply and diversity of sources, contributing
significantly to the competition in the natural gas market, which
is a prerequisite for optimized prices for businesses and domestic
consumers in the country.
The gas pipeline creates an entirely new route through Bulgaria
for the transportation of natural gas from new sources to a number
of countries, which reinforces the key role of the interconnector
not only at a national level, but also for the entire region of
Central and Southeastern Europe.
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