BH GAS DECISION: GAS STILL CHEAPER

Management company BH Gas Sarajevo today sent the decision of the Supervisory Board of BH Gas on reducing the price of gas for distribution companies with 640 hp to 550 hp for 1,000 cubic meters of gas to the opinion of the Federal Ministry of Energy, Mining and Industry.Following the opinion of the Federal Ministry of Energy, Mining and Industry for the proposed reduction is necessary to get the consent of the Federal Ministry of Trade, after which the proposal will be forwarded for decision to the Federal Government.

As defined by the decision of the Supervisory Board of BH Gas proposed reduction of the gas price should be calculated distribution companies retroactively from 1 January / January 2016 year.The BH-Gas emphasize that they expect that this price reduction at the same rate apply to final consumers, that is, the citizens of Sarajevo.

Also, the management of BH-Gas expects KJKP Sarajevogas finally begin to regularly settle its obligations to the BH-Gas, which has not been the case, and on this day debt amounted to 71.3 million, plus accrued statutory interest for late payment of 17.2 million.The establishment of regular payment of dues Sarajevogas to BH-Gas is necessary so that we can regularly settle obligations to Gazprom and thus provide regular supply of consumers throughout Bosnia and Herzegovina.At the same meeting, the Supervisory Board of BH Gas has made a decision on reducing the price of gas for industrial consumers by 14 percent, said BH gas.