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New Russian-Ukrainian Gas Agreements.

Publication: APS Review Gas Market Trends
Publication Date: 06-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
At the end of October, RosUkrEnergo AG and UkrGazEnergo signed an annex to the treaty on purchase/sale of gas for 2006-2010 dated Feb. 2, 2006. Under this agreement, Ukraine will receive at least 55 BCM/year of Central Asian gas at $130/000 CM in 2007, RosUkrEnergo said in a statement. Given its own gas production, it will fully meet Ukrainian gas demand. The statement says: "The parties have also agreed on the amount of gas to be supplied in 2008-2009. Gas prices will be based on the economy of natural gas purchases in Central Asian countries".

Under Russian-Ukrainian agreements, Kiev is buying gas from RosUkrEnergo at $95/000 CM this year. So tensions around gas prices and volumes have been alleviated. The Ukrainian government is...

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