icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Azerbaijan to reject Gazprom price?

Azerbaijan to reject Gazprom price?
RIA Novosti reports the head of the Azerbaijani state oil company has declared it will not buy Russian gas at $US 235 per thousand cubic metres, while Gazprom sells it at a lower price to other CIS countries.

The news agency quotes Rovnag Abdullaev as posing the question, “Why is Russia selling gas to Ukraine at $US 130 per thousand cubic metres, to Armenia at $ US 110, and suggests we should pay $US 235?”

The comments come after Georgia's agreement over the past weekend to take 1.1 BLN cubic metres at $US 235, although it is reducing its reliance on Russian supply.

Ukraine will pay $US 130 per thousand cubic meters in 2007 for Russian gas, but receives additional supplies from central Asia delivered by Rosukrenergo, which is half-owned by Gapzroms banking arm.

And on Tuesday Moldova agrees to pay $US 170 for its 2007 supplies, however, they are expected to reach European price level by 2011.

Podcasts