Bulgarian energy regulator endorses cut in Q4 gas price

As of October 1, wholesale gas prices will fall to 343.22 levs ($210.8/175.8 euro) per 1,000 cubic metres, the Energy and Water Regulatory Commission said in a statement.

Bulgarian energy regulations require gas prices to be set quarterly, taking into account global oil prices and the lev/dollar exchange rate.

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 levs)