Thursday, January 26 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
Week of Dec 26
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Natural Gas in December Appreciates by Nearly 19%


    December 4, 2022 - Bulgarian News Agency

     

      The Energy and Water Regulatory Commission (EWRC) Thursday approved a price of natural gas for December at BGN 146.09 per megawatt hour (MWh), excluding charges for access, transmission, excise duties and VAT, EWRC said in a press release. This is the price at which the state-owned Bulgargaz supplier will sell natural gas to end suppliers and to entities holders of a license for the production and transmission of heating energy. The December gas price is 18.76% higher than the price in November.

      EWRC approved the new price after an analysis of the latest up-to-date data and documents submitted by Bulgargaz where the prices of the individual suppliers and the share of their quantities in the overall mix are indicated. The regulator established that the total estimated quantity of natural gas for the domestic market is provided by several different supply sources.

      The price mix includes the entire agreed amount of Azeri natural gas delivered to this country via the Bulgaria-Greece gas interconnector, according to the current long-term contract with Azerbaijan. These amounts cover about 27% of Bulgaria's natural gas consumption and are of key importance for achieving good prices of the commodity.

      The necessary quantities of gas for December are also provided by pipeline gas, purchased on the Balkan Gas Hub by auction. In addition, Bulgargaz has also included in the price mix quantities of natural gas from the Chiren underground gas storage facility.

      One of the main reasons for the price hike is the high price of the Chiren gas. The storage facility was filled up in August and September when the prices at the international gas exchanges hit record-high levels. Another factor is the start the heating season when the price of natural gas increases due to increased consumption, mostly by district heating companies. Yet another factor is the growing gas prices at the international markets in the last days of November.

      The calculations of the regulator show that if Bulgargaz had continued to supply natural gas from the Russian company Gazprom Export, the price would have been above BGN 157.00 per MWh.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.