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Russia's Gazprom to drop gas prices by 40% for Bulgaria

- Bulgarian Prime Minister Boyko Borisov announces Gazprom's large discount

Bulgarian Prime Minister Boyko Borisov said that Gazprom has reduced the price of gas for Bulgaria by 40%, according to Russian news agency Tass on Tuesday.

"Gazprom today handed over the signed agreement to us with a reduction in the price of natural gas by more than 40%," Borisov announced at a news conference.

The new discounted gas prices will be backdated for deliveries as from August 2019.

Bulgaria imports around 3 billion cubic meters of natural gas from Russia under a long-term contract that will run until 2022.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr