Cabinet of Ministers says the price of imported gas could double in 2009

The price of imported gas for Ukraine could increase to USD 340/tcm in 2009 vs. the current USD 179.5/tcm, Serhiy Korsunsky, chief of economic cooperation in the Ukrainian Foreign Ministry said at a conference in Paris yesterday. Vladimir Nesterenko: The number spelled out by Cabinet representative is very close to our worst case scenario, USD 320/tcm, thereby slightly increasing its. Currently, the gas price for Ukraine is among the lowest in the CIS and CEE, exceeding only the price for Belarus, and about twice lower Gazprom’s price for European customers.