Energy regulator: In November, the price of gas should drop by more than 20%

"The price of gas that Bulgargaz will charge in November will continue to fall and will be between 90 and 100 euros per MWh". This is the opinion of the Chairman of the Bulgaria's Energy and Water Regulatory Commission Ivan Ivanov.

"European gas storage facilities are 91% full and despite the aggravating situation in Ukraine, I believe that Vladimir Putin's means to use natural gas as a weapon have been exhausted. In addition to Europe being prepared for the heating season, Germany is set to bring two liquefied natural gas terminals on its northern side into operation within one month. At the same time, the Norway-Denmark-Poland pipeline and our interconnector (IGB - ed.) are already operational and Europe is becoming independent of Russian natural gas," Ivanov added. /BGNES