Tuesday, January 8, 2008

Gazprom Sets Price for Natural Gas Sales

Gazprom will sell natural gas to Belarus for $119 per 1,000 cubic meters in the first quarter of 2008, a source at the Russian gas giant said recently. The source noted that Gazprom buys a large amount of gas from Central Asian states. Despite an earlier agreement on the purchase of Turkmen gas for $100 per 1,000 cubic meters, Turkmenistan later announced that it would sell gas at $130 per 1,000 cubic meters in the first half of 2008, he said. “Nevertheless, Russian gas will be sold to Belarus for $119 in the first quarter of 2008,” he insisted.

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