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
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »