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Ukrainian Government Suggests Signing of Long-term Gas Supply Agreement with Russia by End of Oct, Says Timoshenko

Oil&Gas Materials 26 September 2008 18:36 (UTC +04:00)
Ukrainian Government Suggests Signing of Long-term Gas Supply Agreement with Russia by End of Oct, Says Timoshenko

Ukraine, Kiev, 26 September / Trend corr. Z.Novosvitski/ The Ukrainian Government suggested signing of a long-term natural gas supply agreement with Russia by the end of October, Ukrainian Prime Minister Yuliya Timoshenko stated to foreign media in Kiev on 26 September, according to Ukrainian Cabinet's Department on Media.

"Ukraine is interested to make the agreement long-term and strategic. In 2008, it would be pretty well not to sign a stress agreement for one year but to sign a strategic one for many years," she said.

Prime Minister hoped that Russia would fulfil the agreements and would gradually switch its gas prices for Ukraine to world gas prices within 3-4 years.

Timoshenko said the price of Russian gas for Ukraine will be released after completion of the negotiations. "Unfortunately, after the last visit of the Ukrainian President to Russian Federation, the price offered was $400 per 1,000 cu m," she said, adding that she would do her utmost to decrease the price.

In 2008, Russia sells the Central and Middle Asian gas to Ukraine for $179.5 per 1,000 cu m. In 2007, the price was $130 per 1,000 cu m and in 2006 - $95 per 1,000 sq m.

The correspondent can be contacted at [email protected]

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