Bulgargaz

Russia is carrying out talks with Bulgarian-Russian company Overgas to settle "trade issues" of the past few years, but will continue delivering natural gas to Bulgaria, TASS quotes the Foreign Ministy in Moscow as saying.

"Bulgaria will not be left without natural gas," the statement also reads.

Bulgaria's Prime Minister Boyko Borisov has instructed state-owned Bulgargaz and Bulgartransgaz to prepare to supply natural gas to Overgas in case Russia's Gazprom Export halted deliveries to the Bulgarian-Russian joint stock company.

The Energy and Water Regulatory Commission (KEVR) of Bulgaria has adopted a decision to cut price of natural gas for consumers.

State-owned gas supplier Bulgargaz earlier in December proposed the price should be slashed by 2.1%.

KEVR itself, however, believes the decrease should amount to 2.3%.

Bulgaria's Energy and Water Regulatory Commission (KEVR) will decide on Tuesday whether to decrease the price of natural gas by 2.3 %.

The proposal of KEVR is for a slightly higher reduction than the 2.1 % cut demanded by Bulgargaz, private bTV station informs.

Bulgargaz proposed on Thursday to cut natural gas price for consumers by 2.1% for the first quarter of next year.

French company Engie and US-based Cheniere have confirmed they are interested in importing natural gas to Bulgaria starting in 2016, a specialized energy website has announced

Lukoil Neftochim Burgas, the largest crude oil refinery in Southeastern Europe and the largest industrial enterprise in Bulgaria, retained its third position in the latest annual ranking of SeeNews released on Tuesday.

The company which specialises in the production of fuel, petrochemicals and polymers retained its ranking from 2013.

Bulgaria's energy watchdog has proposed a 14.26% reduction in the price of natural gas to a rate of BGN 484.26 per 1000 cubic meters, VAT excluded, excise duty excluded, as of October.

State-owned Bulgargaz has proposed to cut natural gas price for consumers by 14.26% in the fourth quarter of the year, a touch bigger decrease than initially planned.

State-owned Bulgargaz said on Monday it plans to cut natural gas price for consumers by 13.65% in the fourth quarter of the year due to an expected drop in the price of gas supplies.