January 12 (SeeNews) - Bulgarian public gas supplier Bulgargaz said that it is planning to propose to the utilities regulator to approve a wholesale price of natural gas of 135.38 levs ($74.47/69.21 euro) per MWh applicable for February.
The final proposal will be submitted to the Energy and Water Regulatory Commission (EWRC) on February 1, taking into account the values of the price-forming components as at January 31, Bulgargaz said in a statement on Wednesday.
The price for January stands at 179.33 levs per MWh, after the regulator endorsed an increase for the second consecutive month.
The country, which until April last year imported almost all of its supply of natural gas from Russia, is now using gas from Azerbaijan delivered via the Greece-Bulgaria interconnector along with liquefied natural gas secured through spot auctions. Earlier this month, Bulgargaz struck a deal with Turkish peer Botas to gain access to the Turkish gas grid and LNG import terminals until the end of 2035.
(1 euro = 1.95583 levs)
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