Natural Gas Release Programme

Re: Conducting auctions under the Natural Gas Release Programme on 16th December 2019

In accordance with item 13.2.1 of the Agreement for implementation of the Natural Gas Release Programme (the “Agreement”), Bulgargaz EAD offers the quantities unpurchased during the auctions as held on 9th December 2019, as follows:

• Under item 8.2.1 of the Agreement – an annual product amounting to 739 GWh.
• Under item 8.2.2 of the Agreement – 12 monthly products amounting in total of 931 GWh, as follows:

 

2020	MWh
January	62 500
February	63 500
March	62 500
April	62 500
May	92 500
June	92 500
July	92 500
August	92 500
September	92 500
October	92 500
November	62 500
December	62 500

 

The initial price of the actions to be held on 16th December 2019 shall be BGN 45.45 MWh, as the latter includes:

• Approved by EWRC price at the entry of the National Natural Gas Transmission System;
• Relatively–constant costs;
• Variable costs;
• “Public service obligation” component;
• Entry Point of the National Natural Gas Transmission System capacity costs and transmission to VTP.

The initial price of the auctions under the Natural Gas Release Programme is established in accordance with the requirements of Art. 176, paragraph 3, item 2 of the Energy Act and item 6.2. of the Agreement.

The initial price is VAT excluded.

In accordance with item 13 of the Agreement, the supply price is subject to an update at the beginning of each calendar quarter.  

The Contract shall be concluded in the Bulgarian language. The English version is for informative purposes only, and may be downloaded here.

The draft of the Contract may be downloaded here

„Bulgargaz” EAD