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News / 14 February 2006 | 12:35
Price hike for Russia's Turkmen gas could raise prices for Ukraine

Price hike for Russia's Turkmen gas could raise prices for Ukraine


If Turkmenistan raises the price for natural gas deliveries to Russia to $100 per 1,000 cubic meters, then the price for Ukraine will also increase, a Ukrainian expert said Monday. RIA Novosty informed.

"If the price of Turkmen natural gas increases for Russia, then it will consequently increase for Ukraine since the country imports more Turkmen gas than Russian natural gas," said Volodymyr Saprykyn, the director of energy programs for the Razumkov Center for Economic and Political Studies in Ukraine.

Yuriy Yekhanurov, the Ukrainian prime minister, said Sunday that according to information he had received, Turkmenistan intended to offer Russia natural gas at the price of $100 per 1,000 cu m.

"This does not mean anything for our imports of natural gas," Yekhanurov said.

Saprykyn said, "It is hard to say to what extent the prices will change since the talks will be long and difficult. That is why I do not understand the premier's optimism."

The expert said natural gas prices would rise in the second half of 2006 because "the RosUkrEnergo company stated clearly that the price would change."

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