January 10 (SeeNews) - Energoinvest [SAJ:ENISR], the gas supplier serving Bosnia's Federation entity, is seeking approval from the entity's government to decrease by 9.6% the gas price for the first quarter of 2023 compared with the previous three-month period, local media reported.
Russia's Gazprom, which supplies Energoinvest with gas, has lowered the price of gas deliveries for the first quarter by 4.98%, compared with the previous quarter, news provider Klix reported on Monday.
Furthermore, changes in the price of gas transport through the Serb Republic and the decrease in the value of the dollar vesus the marka have also been taken into consideration in the price formation, according to the report.
Gazprom delivers gas to Energoinvest under a long-term agreement, with the price adjusted on a quarterly basis. The Russian gas is flowing to Bosnia via Turkey, Bulgaria and Serbia.
Gazprom increased the price of gas deliveries to Energoinvest by 9.7% in the fourth quarter of 2022.
The Federation and the Serb Republic are the two autonomous entities that make up Bosnia and Herzegovina.