BAKU, Azerbaijan, May 31. Azerbaijani natural
gas continues to play a crucial role in ensuring favorable pricing
on the Bulgarian market, Trend reports referring to the latest announcement by
Bulgaria’s Energy and Water Regulatory Commission (EWRC).
The EWRC has set the price of natural gas for June at BGN 64.32
per megawatt hour (MWh), excluding access, transmission, excise,
and VAT costs. This is the price at which the state-owned supplier
Bulgargaz will deliver gas to end suppliers and heating utilities
across the country.
The commission said the price was determined after a detailed
analysis of updated data submitted by Bulgargaz. A key element of
the pricing formula is the inclusion of the full volume of
Azerbaijani gas delivered via the Greece-Bulgaria Interconnector
(IGB), under a long-term supply contract with Azerbaijan.
“These volumes cover a significant portion of Bulgaria’s energy
needs and play a key role in securing a favourable price for
natural gas,” the EWRC noted in its statement.
In addition to Azerbaijani supplies, Bulgargaz has also
concluded two contracts for the delivery of liquefied natural gas
(LNG) with international traders.
The Greece-Bulgaria interconnector connects Bulgaria to the
Southern Gas Corridor and is part of the Vertical Gas Corridor. The
pipeline strengthens energy connectivity and security in the
region, providing access to natural gas from new, diversified
sources. Currently operating at 3 bcm/y, the pipeline has the
potential to expand its technical capacity up to 5 bcm/y. The
interconnector currently secures about 70 percent of Bulgaria’s
internal natural gas consumption and is a reliable route for
diversified deliveries to key markets such as Moldova and
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