Ukraine to pay $65 per 1,000 cubic metres of Turkmen gas

Turkmenistan will deliver 40 billion cubic meters of gas at a price of $65 per 1,000 cubic meters, Turkmen President Saparmurat Niyazov confirmed.

He said, as a result of the talks in Ashkhabad, Ukraine and Turkmenistan agreed to work on establishing joint ventures to develop energy resources of the right bank of the Amudarya River. According to RSN, the price of the Turkmen gas for Ukraine under the agreement signed is about $50 for 1,000 cubic meters. It is equal to the price Ukraine paid to Russia in 2005, Regnum informed.

Gazprom wants to raise the gas price for Ukraine almost five times and promises to cut off the gas supplies, if they do not manage to agree until the New Year.