Argus launches first Bulgarian natural gas prices

New assessments reflect Bulgaria's growing regional importance

LONDON, Jan. 6, 2026 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched the world's first Bulgarian natural gas price assessments. These prices complete a suite of southeast European gas prices which only Argus assesses.

The Bulgarian gas market has grown since 2022 from a local hub into one in which some of the largest international trading firms are active. Gas flows to Bulgaria from Azerbaijan and Turkey, thanks to recent infrastructure additions. Bulgaria is also the landing point for southeast Europe for Russian gas passing through the Turkish Stream pipeline, while interconnections with Greece and Romania link Bulgaria with LNG infrastructure and Black Sea gas production.

From 2022 until mid-2024, Bulgaria often had the lowest gas price in Europe thanks to ample supply options and limited local consumption. After that, reduced gas supply in southeast Europe because of lower stocks and the end of Russian gas transit through Ukraine meant that the Bulgarian market converged much more with the Dutch TTF hub — the benchmark in Europe — and often commanded a premium. Argus assessed Bulgarian day-ahead gas at €30.90/MWh on 5 January, a €2.58/MWh premium to the TTF.

"We are pleased to respond to our clients' needs for an independent Bulgarian gas price," Argus Media chairman and chief executive Adrian Binks said. "Our comprehensive southeast European gas coverage gives clients the tools they need to navigate a volatile part of the European gas market, which will keep evolving as the EU looks to phase out supply from Russia and Black Sea production ramps up."

Argus assesses Bulgarian spot prices at 3pm eastern European time and will publish the price differential to Romania, Greece and the TTF at the same timestamp.

Argus contact information 

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Houston: Jessica Tran
+1 713 968 0000
Email Jessica

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

About Argus Media

Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.

Headquartered in London with nearly 1,500 staff, Argus is an independent media organisation with 30 offices in the world's principal commodity trading hubs.

Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.

Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.

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ARGUS, the Argus Logo, ARGUS MEDIA and ILLUMINATING THE MARKETS, Argus publication titles and index names are trademarks of Argus Media Limited. Visit Trademarks for more information.

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SOURCE Argus Media