Natural gas prices to fall by 14% in May, says Bulgargaz CEO

Natural gas prices are expected to fall by about 14% from current levels, Bulgargaz CEO Veselin Sinabov told a public meeting of the Energy and Water Regulatory Commission (EWRC). This means that one megawatt hour will cost 31.91 euro, compared to 36.88 euro at present.

Natural gas supplies next month will come mainly from Azerbaijan under a long-term contract. LNG will also be delivered via terminals in Alexandroupolis (Greece) and Turkey.

The final decision on the gas price for May will be taken by the EWRC on 30 April.