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  • Natural Gas Price Hikes Discussed

    NATURAL GAS PRICE HIKES DISCUSSED

    Panorama.am
    19:37 30/08/2007

    The Russian Gazprom organization has started discussions in
    pre-Baltic and Commonwealth states concerning price hikes of natural
    gas. Lithuania has already been informed of a possible increase of 40%,
    meaning 280 dollars for one thousand cubic meters of gas. Negotiations
    for Latvia and Estonia will start in October, and for Ukraine in
    November. A possible increase of 15-40% above these agreed prices is
    seen for Belarus.

    Negotiations with Ukraine, which pays 180 dollars per thousand cubic
    meters, are contingent on the future agreed-on price of natural gas
    coming from Central Asia, which could reach 180 dollars. Negotiations
    with Uzbekistan, Turkmenistan, and Kazakhstan are foreseen for
    October. Belarus, Russia's second largest customer, currently pays 100
    dollars for one thousand cubic meters, also awaits a large increase
    in price.

    On Monday, Russia's ambassador in Belarus, Aleksander Surikov, the
    price of gas there would be 125-150 dollars.

    For Armenia, the price of blue fuel will not change in 2008. Sergey
    Kuprianov, press secretary for the president of Gazprom, says that the
    price of natural gas for Armenia will stay at 110 dollars until 2009.

    "This has been agreed upon in an contract with "Hayrusgasard," in
    which an increase of participation with Russia is guaranteed. This
    company will take part in the construction of the fifth block of the
    Hrazdan power station," Kuprianov pointed out.
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