Bulgaria is not currently in talks with Russia’s Gazprom on a new long-term gas deal due to the tense situation over the ongoing war in Ukraine, Bulgarian Energy Minister Alexander Nikolov told bTV morning on the exclusive bTV network.
Negotiations may begin in the second half of the year, but only if the war is over by that time, Nikolov said. Bulgaria’s contract with Gazprom will expire at the end of 2022.
According to the Minister of Energy, if the war ends, the gas prices will return to normal levels and the increase of almost 40% of the gas price, requested by Bulgargas for May, can be rejected. “The increase in the price of gas has decreased significantly last week,” he added.
At present, there are no plans to compensate companies for high gas prices, Nikolov said, arguing that gas consumption is not so high and electricity generation does not depend so heavily on gas consumption. . The government could consider compensation for home users for the next heating season, he noted.
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