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Gazprom and Ukraine to discuss gas supply conditions

      RBC, 12.09.2006, Moscow 13:07:01.Ukrainian Fuel and Energy Minister Yury Boiko and Gazprom officials intend to discuss conditions of gas supplies to Ukraine in 2006-2007 today.

      On September 8 Yury Boiko and Gazprom's CEO Alexei Miller agreed on gas balance in Q4 2006 and Q1 2007.

      Today Ukraine is expected to present the new scheme of repaying its debt of $322.2m to RosUkrEnergo. Neftegaz Ukrainy intends to pay off the debt by October 2006. In exchange for quick debt repayment Ukraine suggests that the gas price be left at its current level in Q4 2006.

      The gas price for Ukraine is being negotiated as new conditions for purchasing Turkmen gas (that Gazprom sells to Ukraine) have been imposed lately. Gazprom and Turkmenistan agreed on the new gas price and supply volumes in 2007-2009. Gazprom will purchase 50bn cubic meters of gas for $100 per 1,000 cubic meters annually. Also, in Q4 2006 Gazprom will purchase an extra 12bn cubic meters of gas at $100 per 1,000 cubic meters.

      Ukraine insists on preserving the gas price at $95 per 1,000 cubic meters in Q4 2006. In 2007-2009 the gas price may rise to $150-230 per 1,000 cubic meters.

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