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Ukrainian PM: Kiev to insist on gas price revision

      RBC, 25.08.2010, Kiev 13:57:22.Ukraine's government is poised to insist on revising existing agreements on the price of gas, Ukrainian Prime Minister Nikolai Azarov announced during the cabinet meeting today, RBC Ukraine reported. "We intend to revise the extremely unprofitable agreement between Ukraine and Russia and will strongly insist on the need for our Russian partners to do so," Azarov explained.

      The official reiterated that Kiev continued to purchase natural gas from Russia and pay in accordance with the formula that provided for a quarterly price increase. "In the first quarter of 2010, we received gas at $330 per 1,000 cubic meters and the price has gone up quarterly by $25 per 1,000 cubic meters. Consequently, the price for gas will exceed $390 per 1,000 cubic meters in the fourth quarter of this year," Azarov stated. According to him, the signing of the so-called Kharkov agreement allowed Kiev to bring the price for gas down $100 per 1,000 cubic meters.

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