This became clear during discussion on the price of blue fuel in KEVR, the local Novinite reported.
Bulgargaz CEO Nikolay Pavlov said during the discussion:
- I would like to note that prices on European gas markets continue to rise compared to those of previous months, due to low levels of stocks in gas storage facilities, the lower pumping pressure compared to previous years
- Gas prices on European markets have risen by more than 22% in the period since April 30
- This increase in gas prices is likely to be quoted in the corrected application that Bulgargaz will submit on June 1
He noted:
- The repair works of the Turkish Stream pipeline for the period 22 - 29 June are pending
- This means that the repair works will lead to a disruption of supplies for a period of 7 days for Greece, North Macedonia, Serbia, Turkey, Romania and Bulgaria, which respectively will lead to a shortage of natural gas on these markets
- Negotiations have been ongoing with Russia’s Gazprom for more than a month
- The deliveries of natural gas for this 7-day period of the repair works to be carried out via an alternative route through Ukraine and Romania, during which the deliveries to Bulgaria were carried out by the end of 2019
He answered in response to a question from the President of KEVR Ivan Ivanov, who reminded that Gazprom is obliged to carry out their deliveries under contract:
- The repair works along the Turk Stream will be carried out on the territory of Turkey