Turkmenistan plans to increase its natural gas price for Russia by 30% from US $ 100 to US $ 130 per 1000 cubic meters, Kommersant newspaper quoted Gasprom chief executive Alexei Miller as saying following the talks with Turkmen President Gurbanguly Berdimuhamedov yesterday.
"Our Turkmen partners raised the issue of the need to increase purchase prices for its gas at least by 30% as early as 2008," the head of Gasprom said. He noted that the supplier's initiative is understandable and said it was "not surprising".
According to Kommerstan, the price hike will cost Ukraine who buys all Turkmen gas from Gasprom extra US $ 1,26 billion as minimum.
Alexei Miller explained that the European Commission and the US state administration insisted that the purchasing price for Turkmen gas should be increased and that according to Gasprom estimates the average wholesale price of gas for European consumers will grow to US $ 354 per 1000 cubic meters of gas by the end of 2008.
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