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Gazprom Outlines Its CIS Pricing Strategy, Backs Bigger Role For RosUkrEnergo.

Gazprom Outlines Its CIS Pricing Strategy, Backs Bigger Role For RosUkrEnergo.

20 June 2008

Alexander Ryazanov, a top Gazprom executive, said the company would in future set gas prices for all CIS countries and the Baltics using the price of gas at the Polish-German border adjusted for the cost of transit. He also said RosUkrEnergo could start storing gas in Ukraine’s underground storage to ensure stable winter supplies. Concorde Capital: We doubt Gazprom’s prices for its different neighbors will be so logical and apolitical. It’s good that Gazprom has found some way to store gas for the winter but it’s worrisome to see RosUkrEnergo’s influence over Ukraine’s pipeline system growing further.

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