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
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »