USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

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Georgia Agreed to Pay Twice for Russian Gas

Georgia has agreed to pay for the Russian gas twice, Gazprom said

Georgia Agreed to Pay Twice for Russian Gas

Georgia has agreed to pay for the Russian gas twice, Gazprom said.

An hour after Gazprom threatened to cut off supplies, Tbilisi had agreed to pay $235 per 1,000 cubic metres, up from $110, what it refused earlier.

Georgia's prime minister had earlier told a press conference that Azerbaijan would be its main gas supplier in 2007.

The two countries have been at loggerheads since Georgia arrested four Russians in September, who they accused of spying.

The Kremlin hit back with an air, sea and postal blockade on Georgia and a crackdown on Georgian migrants in Russia.

A ban on key Georgian exports, such as wine and mineral water, has also been in place for months, with Russia citing health concerns.


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