Azerbaijan meets 75% of Bulgaria's natural gas demand

The Commission for Energy and Water Regulation (EWRC) confirmed the price of natural gas for August in the amount of 59.67 leva/MWh, excluding access, transmission, excise and VAT prices, Report informs, citing Bulgarian media.

At this price, Bulgargaz EAD will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy.

The approved price is 1.4% lower than in July, which was 60.58 leva/MWh, and it coincides with the price offered earlier today by Bulgargaz.

The regulator found that the total estimated quantity for the domestic market was provided by two different sources of supply. The price mix for August includes the entire agreed amount of Azerbaijani natural gas delivered via the Bulgaria-Greece (IGB) interconnector, according to the current long-term contract with Azerbaijan. These amounts cover 74.66% of consumption for the month and are of key importance in achieving favorable prices for blue fuel.