Bulgaria Must Negotiate Gas Price Cut with Gazprom – Right-Wing MP

February 21, 2012
The right-wing Democrats for a Strong Bulgaria (DSB) party have demanded that the government immediately start talks with Russia's Gazprom to renegotiate the terms of the gas supply contract.

The latest increase in retail gasoline and diesel prices caused the MPs to declare that the state had given up its authority over the Lukoil Neftochim refinery.

Speaking at a Monday press conference, Dimtar Bachvarov from DSB argued that Bulgaria could seek a gas price reduction of at least 10%, which had already been done by four European countries, including EU Member States.

"The market in Europe is already functioning according to new basic parameters and new prices. The government should also make use of the ideas for market-based pricing and reduce gas prices for Bulgaria because they are at the basis of the chain of price spikes", the right-wing MP stated.

On Friday, Gazprom reduced gas prices in its long-term contracts with European clients by 10%.

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