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. Last Updated: 07/27/2016

Bulgaria Seals Gas Pact

SOFIA, Bulgaria -- Bulgaria will pay less than $80 per 1,000 cubic meters for Russian gas, and exact figures will be finalized later this month, Bulgaria's Deputy Prime Minister Evgeny Bakardzhiev said.

Bakardzhiev told state television that the Bulgarian government was expected to amend its price formation rules at its session in the second half of May.

Russian gas monopoly Gazprom and the Bulgarian government did not reveal prices for Russian gas last month when they signed two long-delayed deals on gas supplies to Bulgaria and gas in transit through Bulgaria to the Balkans.