BULGARIAN ECONOMY
Bulgargaz will reimburse customers due to cheaper gas
The price of natural gas is 53% lower today compared to a year ago, Prime Minister Boyko Borissov said at an extraordinary government meeting.
At the meeting it was decided that Bulgarian gas operator Bulgargaz will reimburse customers who purchased gas in the period January 1 - March 31 as the sum reaches BGN 201,685,227 (over EUR 103 million). BGN 59 million or over EUR 30 million will go to district heating company Toplofikatsiya Sofia and BGN 22 million Bulgarian (over EUR 11 million) - to gas distribution companies.
The reason for this is Gazprom's decision from March to reduce the delivery price of natural gas to Bulgaria by more than 40% retroactively from August 2019. The Russian company has already returned overpaid amounts to Bulgargaz and the Bulgarian gas operator has announced its readiness to reimburse its customers.
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