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Amendments would regulate price of gas purchased by some suppliers, lower gas reserves

Amendments before Parliament would regulate the price of domestic and imported gas purchased by "universal service providers" — energy suppliers that use a price structure and level controlled by the state — and lower the amount of gas required in reserves from 1.2 billion to 600 million cubic metres.

The changes are the first steps toward the introduction of a new system of gas price regulation, according to the motivation outlined in the amendment. Reducing the size of strategic reserves could lower consumer prices, it adds.

The government introduced a moratorium on gas price rises by universal service providers in the summer. It is to remain in place until a new pricing mechanism is worked out. (MTI-ECONEWS)