Bulgaria Asks Russia for Cheaper Natural Gas

March 1, 2012
Bulgarian PM Boyko Borissov, Economy Minister Traycho Traykov and Bulgargaz CEO Dimitar Gogov had talks with Gazprom CEO Alexey Miller, at which they insisted on Russia's gas giant lowering the wholesale prices of the natural gas supplied to Bulgaria.

The Bulgarian statesmen asked for a ten-percent discount, which has already been granted to Germany, Slovakia, France and Turkey.

The discount, if granted, is to come into force immediately as amendment to the agreements that expire at the end of the year, and this clause will also be provided in the future direct contract between Bulgargaz and Gazprom Export, which is to be signed by December 2012.

"In a month or two it will become clear how much the wholesale price of the natural gas supplied to Bulgaria can be lowered," Mr. Traykov said after the meeting.

However, during the talks Miller emphasized that Gazprom would expect something in exchange for the lowered price of natural gas.

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