Bloomberg News

Gazprom Says Ukraine Must Pay $418 for Gas, Up From $250 Offer

January 01, 2009

Ukraine will have to pay $418 for 1,000 cubic meters of Russian natural gas this year after rejecting an offer of $250, state news television channel Vesti-24 reported, citing OAO Gazprom Chief Executive Officer Alexei Miller.

“Given that Ukraine has refused our discounted supply offer of $250, Gazprom will deliver gas to Ukraine from January at the European market rate of $418 per 1,000 cubic meters,” Miller said today.

Gazprom cut supplies to Ukraine at 10 a.m. Moscow time after the country turned down a Russian offer to sell it gas this year at $250 and insisted Russia pay higher transit fees. Ukraine offered yesterday to pay Russia $235, according to Oleh Dubina, chief executive officer of state energy company NAK Naftogaz Ukrainy.

To contact the reporters on this story: Henry Meyer in Moscow at Hmeyer4@bloomberg.net; Amanda Jordan in London at ajordan11@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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