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Bulgaria, Russia to Agree on Lower Natural Gas Prices

OAO Gazprom, Russia’s gas export monopoly, will sign an agreement to cut gas prices for supplies to Bulgaria by 11.1 percent, the Ministry of Energy, Economy and Tourism in Sofia said.

The price reduction was agreed on during a meeting in Moscow between Bulgarian and Gazprom officials earlier this week and the documents will be signed this month, the ministry said on its website.