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Bulgaria: Bulgargaz proposes 18% gas price cut for May

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Bulgarian state-owned gas supplier Bulgargaz has proposed lower wholesale natural gas price for May. The price for May should be 18% lower than the price approved for April and is significantly lower than the company’s initial proposal for a 9% cut.

Bulgargaz also said that the wholesale price of natural gas in Bulgaria fell by more than 60% compared to the beginning of 2023.

The price for June should be 3 to 4% lower than the price in May.

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