Bulgaria cuts Q1 gas prices by 9.87%

The price will fall to 656.47 levs ($444.6/335.6 euro) per 1,000 cubic metres, Value Added Tax excluded, the State Energy and Water Regulatory Commission said in a statement published on its website.

Earlier this month, state-owned gas monopoly Bulgargaz requested that gas prices go down by 9.3% in the first quarter of next year as a result of the lower delivery prices agreed with Russia’s Gazprom.

Bulgaria's energy regulator revises gas prices on a quarterly basis.

Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

(1 euro = 1.95583 Bulgarian levs)