Bulgaria, Gas supplier Bulgargaz has proposed lower wholesale natural gas price to be applied for March

Bulgarian state-owned gas supplier Bulgargaz has proposed lower wholesale natural gas price to be applied for March 2023.

The statement from the company said that the price for February should be around 61 euros/ MWh, which is 4 % lower compared to the price approved for February – 63.6 euros/MWh, which was a decrease of 31 % compared to January.

The commissioning of the Greece-Bulgaria interconnector last October has allowed Bulgaria, which no longer relies on Russian Gazprom for its supplies, to import cheaper natural gas from Azerbaijan.

Bulgargaz will submit its final request for the price applicable for March on 1 March. Bulgarian Commission for Energy and Water Regulation (KEVR) has the final say on the proposed monthly changes in the wholesale price, at which state- owned Bulgargaz sells natural gas to end-suppliers and customers directly connected to its transmission network.