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By Country / Russia

Bulgaria, Russia's Gazprom Agree On Gas Deal

December 18, 2006

Bulgarian Prime Minister Stgei Stanishev (right) with Gazprom CEO Aleksei Miller in Sofia today (epa)

Bulgarian Prime Minister Stgei Stanishev (right) with Gazprom CEO Aleksei Miller in Sofia today (epa)

December 18, 2006 -- Bulgaria has agreed with Russia's state-controlled monopoly Gazprom to gradually increase the price it pays for Russian gas to market prices in 2012.


The two sides also signed a deal guaranteeing gas deliveries and gas transit through Bulgaria to southeast Europe until 2030.


The deal ends the current practice, under which Gazprom paid with cheaper gas for transit.


(ITAR-TASS, mediapool.bg)
 
 
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How Much Do The Neighbors Pay?

SETTING THE RATES: With Gazprom negotiating new contracts, many states will be paying more for Russian natural gas in 2007.

  • Belarus, following tense negotiations with Gazprom, will pay $100 per 1,000 cubic meters in -- up from $47 in 2006. 
  • Ukraine, which depends on Russia to supply it with about 77 percent of its gas, will pay $130 per 1,000 cubic meters of a Turkmen-Russian gas mix.
  • Moldova, which depends on Russia for 100 percent of its gas, will pay $170 per 1,000 cubic meters, with the price rising to European-level market price by 2011.
  • Georgia has agreed to pay Gazprom $235 per 1,000 cubic meters of gas.



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