Gazprom Wants to Edge Natural Gas Prices toward USD 60 per Cubic Meter
Published:
9 June 2004 y., Wednesday
The outside limit on domestic Russian sales of natural gas should be in the range of USD 59-60 per cubic meter, Aleksandr Ryazanov, Gazprom's deputy managing chairman, declared Monday at a press conference here.
Currently, gas sells on average in Russia for approximately USD 23 per 1,000 cubic meters. 'We are not seeking a one-time price rise but have proposed a plan to move gradually from a controlled to a free market,' Ryazanov said. 'We anticipate that a cubic meter of gas will be selling at USD 40-41 by 2006.'
According to Ryazanov, the government's current stringent policy stands in the way of developing intra-sector competition. Users, he said, clearly prefer to buy natural gas, which is less costly, environmentally cleaner and technologically more adaptable than coal or oil. Nonetheless, he asserted, Russia's Economic Development Ministry has been doing all in its power to hold back development of a competitive market in natural gas production. 'The result is that we are forced to sell gas at a loss at the fixed price even to new customers, including to companies owned by foreign capital,' Ryazanov said.
Šaltinis:
Rosbalt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »