Bulgarian state-owned gas supplier Bulgargaz has proposed a wholesale natural gas price of approximately 33 euros per megawatt-hour (MWh) for July 2025. This represents a modest increase of 0.6% compared to the approved price for June, which stood at 32.8 euros/MWh — itself only 0.1% higher than the May rate.
The proposed price is based on supply costs from various sources, with a significant portion of the July gas expected to be sourced from Azerbaijan. This supply will be delivered via the Bulgaria-Greece Interconnector (IGB) as part of a long-term agreement. Azerbaijani gas remains a key factor in maintaining stable and favorable pricing for the Bulgarian market.
In addition to pipeline gas, Bulgargaz has secured liquefied natural gas (LNG) through contracts with international traders. These contracts were finalized through a competitive auction process that required minimum pricing and specific payment terms. The LNG volumes acquired are sufficient to cover the company’s July supply obligations, including deliveries to end suppliers, district heating systems, and industrial customers under bilateral agreements.
Bulgargaz CEO Veselin Sinabov stated that no major changes in price or supply volumes are expected by the end of the month, based on current demand forecasts.
The final price for July will be confirmed by the Commission for Energy and Water Regulation (KEVR) on July 1, following adjustments to the proposal and a public hearing at the end of June.
