Bulgargaz proposes 8% increase in natural gas price for November

The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN per megawatt-hour, excluding fees and taxes, reported BNR's journalist Yuliana Kornazheva.

The state-owned company justifies the higher price with the significant increase in gas delivery requests from customers who want to secure larger quantities for the autumn-winter period. This reduces the share—and thus the impact—of the cheaper Azerbaijani gas in the final price, making the overall mix more expensive.

In November, supplies will rely on deliveries of liquefied natural gas and quantities from the gas storage facility in Chiren, but certain amounts of natural gas will also come through the contract with the Turkish company "Botas."

At the end of this month, Bulgargaz's proposal will be discussed by the Energy and Water Regulatory Commission.