RT.com
14 May 2022, 23:13 GMT+10
The price spiked after Sofia rejected Russia's demand to pay for supplies in rubles
The natural gas price in Bulgaria has soared by 13.7%, the state news agency BTA reported on Friday.
Bulgaria's Energy and Water Regulatory Commission (EWRC) has set a new price of 162.17 BGL, or €82.83 per megawatt hour (MWh) compared to the April rate of €72.83, according to the agency.
The EWRC said the increase will have a minimal impact on household bills, as the heating season has ended. The regulator attributed the price rise to the supply freeze from Russia.
Russian energy giant Gazprom suspended gas exports to Bulgaria and Poland in late April after they refused to make payments in rubles.
In March, Russian President Vladimir Putin required states that have imposed sanctions on Russia, and are still importing its gas, to use the Russian currency for transactions. Several EU countries have accepted Moscow's demand.
Bulgargaz, the largest Bulgarian natural gas distribution company, has said Azerbaijan will provide the country's entire supply from this summer, albeit at a higher price. Later on, Bulgaria plans to connect to an as-yet-unfinished Liquefied Natural Gas (LNG) terminal in Greece, where gas will be imported by ship, likely from the US.
Earlier this month, the Bulgarian Federation of Industrial Energy Consumers (BFIEC) said industry workers were preparing to protest over soaring gas prices. Bulgarian businesses called on the government to take steps "to make it possible to resume talks with Gazprom" after the Russian company cut off gas supplies to the country.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationDUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
SULAWESI, Indonesia: Using just a rope, an Indonesian man, supported by fellow villagers on the island of Sulawesi, captured a ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
ISTANBUL, Turkey: Turkish police detained dozens of people after local authorities banned Istanbul's annual Pride parade from going ahead this ...
The Houston Astros placed catcher Jason Castro on the 10-day injured list Friday due to left knee discomfort. Castro, 35, ...
Cleveland could soon have a decision to make on restricted free agent Collin Sexton, Hoops Wire reported. According to the ...
New York Mets right-hander Chris Bassitt was scratched from his Friday start and placed on the injured list with a ...
The Minnesota Twins called up Juan Minaya from Triple-A St. Paul and designated fellow right-hander Tyler Thornburg for assignment Friday. ...
Center Kevon Looney is returning to the Golden State Warriors on a three-year, $25.5 million deal, ESPN reported Friday. Looney, ...
New York Mets owner Steve Cohen elected to have a little fun on July 1, or what is known in ...