The price of gas in Bulgaria rose by almost 14% in May

The Kremlin warned Bulgaria about buying gas for rubles
┬ęCollage /Shutterstock / Fotodom

The main reason for the rise in prices was the stop by Gazprom of deliveries of blue fuel to Bulgaria, BTA news agency writes.

The country’s Energy and Water Regulatory Commission has set the price of natural gas in Bulgaria for May. According to available data, its increase was 13.73%.

According to the new scheme, Gazprombank will open special currency and ruble accounts for foreign buyers to pay for gas. The buyer will be able to transfer funds to the first account in the currency specified in the gas supply contract. The bank will sell it on the Moscow Exchange, after which it will credit rubles to the account of the buyer of blue fuel and from it will pay off with the supplier – Gazprom.

Due to Bulgaria’s refusal to switch to this scheme Gazprom stopped gas supplies to this country on April 27. It was reported that Sophia fully fulfilled her obligations and made all payments under this agreement. Bulgargaz is convinced that the new two-stage payment procedure proposed by Moscow contradicts the agreement valid until the end of the year and creates serious risks for Bulgaria.

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