Tag: Bulgargaz

Bulgargaz proposed 4.22 % gas price hike for Q3 – Bulgaria, 11 May 2017

Bulgarian state-owned gas supplier Bulgargaz said that it will propose to the Bulgarian Commission for Energy and Water Regulation (KEVR) an increase in natural gas prices for consumers of 4.22 % in the third quarter of 2017. The company proposed to KEVR that the price of natural gas for the July-September 2017 period should be […]

Bulgaria will oppose to cancellation of Negru Voda as entry point for Russian gas – Bulgaria, 28 April 2017

Bulgarian interim Minister of Energy Nikolay Pavlov said that Bulgaria will categorically oppose the proposed cancellation of Negru Voda in Romania as an entry point for Russian natural gas in the country, in favor of another border. This was among proposals of Russian gas company Gazprom to the European Commission (EC) in order to avoid […]

NEK recorded 61.4 million euros net profit in Q1 2017 – Bulgaria, 26 April 2017

Bulgarian state-owned National Electricity Company (NEK) recorded a net profit in the amount of 61.4 million euros in the first quarter of 2017, mostly due to cold spell in January/February. By comparison, the company recorded a net profit of 27.6 million euros in the first quarter of 2016. According to the statement from the Ministry […]