Russia sets new terms at gas talks with Ukraine

Russia has set new terms at the gas talks with Ukraine, Ukrainian Minister of Fuel and Energy Yuri Boiko told journalists on Wednesday, commenting on the report about the growth of the Turkmen gas price by an average of 40 per cent in 2008 – up to 140 dollars per 1,000 cubic metres. “The talks are going on,” Boiko said, according to Itar-Tass.

“Our Russian partners set new terms concerning the price of gas. This is why we did not finish the talks in due time, and they will be continued,” he added.

Gazprom and Turkmen leaders reached agreement on Tuesday on the growth of the price of Turkmen gas exported to Russia. It will amount to 130 dollars in the first half of 2008 and to 150 dollars in the second half.