Supported byClarion Energy
HomeGasBulgaria: Revenues from...

Bulgaria: Revenues from the fee on Russian gas transit could be included in EU budget

Consultations between Bulgaria and the European Commission on the fee of 10.5 euros/ MWh on Russian gas transit imposed on October 13 are currently ongoing.

Bulgarian Prime Minister Nikolay Denkov said that analyses are in progress to determine if anything needs to be redefined from a technical standpoint, adding that the fee is not in contradiction with the general European policy, and it is possible that the revenues from this fee, estimated at over 2.5 billion euros annually, will go into the European budget.

The Prime Minister’s comments were prompted by the decision of Bulgarian President Rumen Radev to challenge the taxation in the Constitutional Court, because, according to him, conflicts with European requirements.

According to new regulations as of 10 November, importers of Russian gas and operators of transmission and distribution networks must report to customs the quantities of Russian natural gas imported or transported through Bulgaria in October. The fee must be paid until 14 November.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in fuel costs across Southeast Europe ahead of the autumn heating season. TTF rises as LNG supply...

Bulgaria approves sanctions exemptions for Kozloduy maintenance and Belene equipment preservation

Bulgaria has approved two targeted sanctions exemptions for Russia covering specific nuclear activities. The measures relate to maintenance-related work at the Kozloduy nuclear power plant and preservation activities for equipment stored at the unfinished Belene project. The exemptions keep...

Bulgaria September regulated gas price discount widens as TTF nears €74.4/MWh

Bulgaria’s regulated gas benchmark for September is trading at a widening discount versus European hub levels after Dutch front-month TTF climbed toward €74.4/MWh. The move has increased the gap between the Bulgarian price and the latest TTF assessment. The...
Supported byVirtu Energy