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Bulgaria will open talks with Gazprom on reducing the price of natural gas

Bulgaria will open talks with Gazprom on reducing the price of natural gas Bulgaria will open talks with Gazprom on reducing the price of natural gas


Sofia, June 24 - Neftegaz.RU. Bulgaria will start talks with Gazprom on lowering the price of natural gas, Bulgaria’s Energy Minister Temenuzhka Petkova said on June 21.

Bulgaria will refer to the decision of the European Commission, which allows the parties disadvantaged by the Russian company because of the higher prices to start negotiations, reports BNT

The state-owned Bulgargaz Company explained that they are currently making the latest analyses to start the negotiations.

On June 1, 2019, Bulgaria started to consume US liquefied gas, which was a 1st step towards diversifying supplies and reducing dependence on imports of Russian natural gas only. The 1st tanker arrived with 90 million m3 of raw material for Bulgargaz.

Bulgaria was the largest importer of natural gas from Gazprom among Southeast Europe countries in 2018, with imports of 3.172 billion m3, down 4.7% from 2017, figures from Gazprom's interim activity report show.

In 2018, Gazprom Export supplied a total of 200.8  billion m3 of gas to European countries. Western European countries accounted for approximately 81% of the company’s exports from Russia, while Central European states took 19%.