Bulgarian regulator okays 8.9% m/m hike in June natgas price

In June, Bulgaria will receive natural gas from Azerbaijan via the Greece-Bulgaria interconnector, the Energy and Water Regulatory Commission (EWRC) said in a statement over the weekend. The quantity will cover nearly 81% of the country's consumption this month.

The remaining 19% will be covered by liquefied natural gas (LNG) deliveries through a contract Bulgargaz signed with a regional trader, EWRC said last week.

In May, the wholesale price of natural gas in Bulgaria was 54.70 levs per MWh, down by 7% as compared to the previous month, according to a separate statement by the regulator.

(1 euro = 1.95583 levs)