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Ukraine, Russia Agreed on Natural Gas Prices

Ukraine has reached an agreement with Russian state energy giant Gazprom on prices for gas deliveries in 2009

Ukraine, Russia Agreed on Natural Gas Prices

Ukraine and Russia's state energy giant Gazprom have reached an agreement with on prices for gas deliveries in 2009, Ukrainian Prime Minister Yulia Tymoshenko said Wednesday.

"We have found a way to set natural gas prices for next year," Tymoshenko told a regular cabinet meeting, adding that the final gas prices for 2009 would be announced after Gazprom ended talks with Turkmenistan and Kazakhstan.

Previously, Gazprom has threatened to raise prices for Ukraine to European levels of more than $400 per 1,000 cubic meters from the current $179.5.

Tymoshenko said market gas prices would be introduced for Ukraine gradually over the next few years.


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