Price of natural gas in February falls by 8.4%

Natural gas price in February Bulgaria’s Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for February at BGN 71.08/MWh.

At this price, public supplier Bulgargaz will sell natural gas to the final suppliers and to entities that have been issued a license for generation and transmission of heat..

The reduction is 8.4% compared to last month when the price was 77.60 BGN/MWh.

The total estimated quantity for the domestic market is provided by three different supply sources. The price mix for February includes the entire contracted quantity of Azeri natural gas supplied via the Bulgaria-Greece interconnector /IGB/, according to the existing long-term contract with Azerbaijan. These quantities cover 42.03% of the consumption for the month.

For February, Bulgargaz has concluded a contract with a trader from the region for LNG supply, following a tender procedure, with minimum delivery price requirements and a proposed payment method. In the price mix, the public supplier has included natural gas volumes from the Chiren storage facility.