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Gazprom Decided Raise Gas Price for Ukraine At Last

A top manager of the Russian natural gas monopoly Gazprom

Gazprom Decided Raise Gas Price for Ukraine At Last

Russian natural gas monopoly Gazprom decided to raise the price of gas for Ukraine from $95 to $230 per thousand cubic meters.

Aleksander Medvedev, deputy board chairman of Gazprom said that his company, which owns a 50 percent stake in the Russian-Ukrainian company Rosukrenergo, does not consider the current price of gas for Ukraine a ?market? price.

Medvedev said that Gazprom would raise the question of re-setting the gas price on July 1.

?As for the market price, we named it a long time ago ? it is $230 per thousand cubic meters,? the executive said.

However, Ukrainian officials have recently said that the lower rate would be maintained for five more years.


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