Bulgargaz predicts a wholesale natural gas price for December of 47.1 euros/MWh, based on prices at the gas hub TTF. The price proposal is 10% lower than the TTF natural gas futures price for December delivery.
The Bulgarian Commission for Energy and Water Regulation (KEVR) approved a wholesale natural gas price of 30.9 euros/MWh for October.
The price forecast by Bulgargaz for December is 53% higher than at present and 37% above the initial price proposal for November – 34.4 euros/MWh.
Last week, Bulgarian gas supplier launched a tender for the delivery of 4,000,000 MWh of liquefied natural gas (LNG), which is 375 million cubic meters of regasified natural gas, for 2024. The quantities should be divided equally for deliveries in January, February, June and July through terminals in Turkey.