After lowering prices, I expect they will also defeat global warming, ironically Alexander Nikolov
Former Energy Minister Alexander Nikolov once again made a sarcastic comment on Facebook about the government’s “successes” on the gas front. This time, Nikolov was challenged by Bulgargaz’s boastful claim that the price of natural gas for October would drop by nearly 30%, and this was due to the efforts of the new management. In his post, he compared the news produced recently by the Ministry of Energy to “something between” 200 vices “,” Sturshel “and the” worker case “, without forgetting to scold the interim minister Rosen Hristov, also known on social media as Captain Catamaran, for tankers rejected with cheap liquefied gas, agreed by the “Petkov” office.
“The lies are clear, but this beats all the Guinness Book of Records”, exploded the former minister on the occasion of the following message:
“On 9 September 2022 Bulgargaz submitted an application to the KEVR for the approval of the gas price for the month of October in the amount of 247.96 BGN / MWh. This price is almost 30% lower than in September. previous. thanks to the efforts of the new management of the company to ensure real diversification, including transparent tenders conducted successfully, as well as the firm determination of the government to commission the interconnection with Greece. The price foreseen for October satisfies the request of the employers of labor and unions for the marginal price of gas up to BGN 250 per megawatt hour. “
Alexander Nikolov explains what are the “inaccuracies” in the news in question, exposing them with facts supported by graphs:
1. In the last 12 days alone, the price of TTF natural gas has fallen not by 30%, but by… 38%. A little more than what “Bulgargaz” offers. Oil is also at an all-time low, below $ 85 a barrel, down 31% from the record highs reached 3 months ago. The whole mix of “Bulgargaz” depends on these 2 components, not on the “efforts of the new management”. (I also attach images that are difficult to understand from the documents). Also, EUR / USD is now higher, which reduces the cost of dollar payments. Valid for both oil and natural gas.
2. Regarding the real diversification – there is no need to remind you that this management and the minister personally signed a document that put at real risk the start of the commercial exploitation of the project company. However, I’ll remind you one more thing: many people have claimed that there is no completed construction, although the site has Act 14. Strange, right? They also claimed there was no gas … and the hose was intact … but the pressure along the way was 42.5 bar. Once again – unique!
3. October – in the “Bulgargaz” mix will be the price agreed with Cheniere’s LNG, which the current management has carefully decided not to be in the mix for the whole winter period, but only 1 in 7 cargoes. Well done, probably because the delivery was supposed to be by tankers, not catamarans … and we didn’t know exactly which slots we needed – for unloading or for parking, it’s not clear. Also, the October price will include the FULL QUANTITIES at the CONTRACT PRICE from the Azerbaijani partners. For this to happen, within 7 months of my mandate, I had to hold more than 5 physical meetings with company management and political figures in Baku. Congratulations again to the current ME management, good guys!
4. Unique collaboration with trade unions and employers. I hope you can explain that you are asking for the recession in Europe to continue so that prices (which surprisingly for you are set by the market !!!!) remain at these levels. Otherwise, the final proposal at the end of the month will have a completely different structure. Then surely the fault will be geopolitical risks “.
Nikolov concludes his comment with two addresses:
“A” Bulgargaz “- excel gives you some errors and you have to correct them, but that’s another topic. A topic that will become clear when parliament is at work and questions about FDSO. For example, what do” transparent offers “mean. appear in terms of pricing structure and offers against such rejected offers.
At the Ministry of Energy – better to stick to internal priorities – televisions, sofas, jeeps, whether they are ministers or deputy ministers. At least you are strong there. For the rest, you are just a shame.
I expect that after the first snowfall, if it surprises us in October, the caretaker minister will announce that he has proof that after 24 hours of work and effort they have achieved their global warming and decarbonisation goals “, concluded the former Minister of Energy. in his Facebook post.
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