Bulgaria expects from “Gazprom” “a significant reduction” in gas prices in the near future, the message of the national operator “Bulgargaz”.
“Bulgargaz” expect lower prices in the country on natural gas since the beginning of March 2020.
“Bulgargaz” carries on negotiations with “Gazprom export” (export division of Gazprom) to lower the price of natural gas supplies for the country. It is expected that by the end of February 2020 both sides will agree, and the price of natural gas for the Bulgarian market will be significantly reduced,” — said in the press release of the Bulgarian company.
Bulgaria started negotiations on the revision of prices after the collapse in gas prices in Europe at the end of the year. In addition, since the beginning of January 2020, has begun gas supplies to Bulgaria on gas pipeline “Turkish stream” from Russia through Turkey.
the Price of gas on the European markets is decreasing since the autumn of last year and accelerated to the end of the year.
In the Netherlands the largest European hub Title Transfer Facility (TTF) gas price for nearby contracts fell in February to its lowest level since January 2005. Gas prices declined so quickly in the middle of winter for the first time.