Bulgargaz asked the energy regulator to increase the price of natural gas for March by 3.5% which will raise the cost to 58 euros per megawatt-hour compared to February, when it was 56 euros.
Production from the gas storage in Chiren has been suspended and by order of Energy Minister Alexander Nikolov the facility has switched to the mode of pumping additional quantities into Bulgaria's reserve gas hub, which has led to Bulgargas' demand for an increase in the price, explained Energy and Water Regulatory Commission chairman Stanislav Todorov.
So far, cheaper gas has been drawn from Chiren during the winter months, but because of fears that the war in Ukraine could lead to a gas supply crisis, a new reserve needs to be built up. This will force Bulgaria to use more imported gas, which is significantly more expensive.
On 7 March, the regulator will officially approve the new gas price for March.
The cabinet headed by Rosen Zhelyazkov survived the second vote of no confidence. It was submitted by the MECH party, with the support of "Vazrazhdane" and "Velichie" parties due to its failure to deal with corruption. MECH files vote of no..
In July, it will become completely clear whether Bulgaria will join the eurozone on January 1, 2026. This was stated in an interview with the Bulgarian National Radio by Deputy Minister of Finance Metodi Metodiev. The two reports on the assessment..
Bulgaria does not impose additional conditions on the process and negotiations of the Republic of North Macedonia with the EU, said Vice President Iliana Iotova at the opening of the “EU meets the Balkans” forum in Sofia. The forum is atte nded..
Blind ultrarunner Victor Asenov has officially become part of the Everesting Hall of Fame, Sportal.bg reports. Between March 21 and 23, the..
Thirteen people were arrested in central Sofia during a specialized police operation aimed at countering illegal migration and preventing crimes..
For the first time, a unique collection of Western European textile panels (tapestries) is on display at the National Gallery – Square 500. The..
Partly Cloudy