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Gazprom to Sell Gas to Europe at $250
Russia’s gas monopoly, Gazprom, intends to hike the average gas price for Europe to $250/ths cubic meters, Kommersant quoted Gazprom spokesman Sergey Kupriyanov as saying.
It appears this move of Gazprom has dashed expectations of some European states. Bulgaria, for instance, that buys the better part of Russia’s gas at $83/ths cubic meters turned down Gazprom’s proposal to revise the ten-year contract for barter transit of gas. Moldova that used to pay $80 refused the price of $160. Romania lashed out at Russia because of $270 to $285 prices and Turkey voiced its protest in the wake of the price growth to $273 and is studying the chances to go to the International Arbitration, should the parties fail to agree on the price drop.
On the other hand, Gazprom also endeavors to avoid material increase in gas price on reduction of the transit fee. The North European Pipeline that is to run through the bottom of the Baltic Sea is expected to directly deliver gas to Germany in the nearest years.
www.kommersant.com
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Photo: Valery Melnikov
