Russia to double Ukraine gas price

Energy Trade

Russia will almost double the price it charges Ukraine for natural gas supplies from January 1, 2009, Russian Foreign Minister Sergei Lavrov said Friday following a meeting between Russian President Dmitry Medvedev and his Ukrainian counterpart Viktor Yushchenko, ITAR-TASS reported.

“This decision stipulates switching to market prices,” he said. “The (gas) price for Ukraine will almost double due to this.” Yushchenko has agreed on switching to market prices as soon as possible, he said.

At present, Gazprom Export, a subsidiary of Russian gas giant Gazprom, supplies Central Asian gas to Gazprom affiliate RosUkrEnergo, which sells the gas to Ukrainian oil and gas company Naftogaz Ukrainy at a price of $179.5 per 1,000 cubic meters. In March, Kazakhstan, Uzbekistan and Turkmenistan announced they would raise their gas prices to European levels starting from 2009. (Unian)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.