Bulgargaz forecasted domestic natural gas prices at BGN 73.00/MWh (excl. transmission, grid access, excise and VAT) as of 1 February 2024, which would be 5.9% lower than the BGN 77.60/MWh approved for January. The proposition is yet to be approved by the Energy and Water Regulatory Commission. Meanwhile, European natural gas futures deteriorated 1.1% so far in January, despite the cold temperatures in North Europe as deindustrialization in EU’s leading economies has decreased demand.