Forbes: Uzbekistan to raise 2008 gas prices for Russia by 50 pct
January 13th, 2008
MOSCOW (Thomson Financial) – Uzbekistan will charge Russia up to 50 pct more for natural gas exports in 2008, the Russian daily Gazeta reported, citing a report by the Avesta Investment Group.
The report said the price of gas exports will be 130 usd per 1,000 cubic metres in the first half of 2008, rising to 150 usd in the second half.
OAO Gazprom, the state-owned buyer, declined to comment on the report, Gazeta said.
Russia depends on imports of natural gas from the Central Asian states of Turkmenistan and Uzbekistan for domestic needs and to fulfil gas export agreements at higher prices to Ukraine and western Europe.
In 2007, Uzbekistan sold Gazprom 9 bln cubic metres of gas at 100 usd per 1,000 cubic metres.
Turkmenistan has also increased the price of its gas exports to Russia for 2008 up to 150 usd per 1,000 cubic metres.
SOURCE: Forbes
Leave a Comment
You must be logged in to post a comment.
Trackback this post | Subscribe to the comments via RSS Feed