Gazprom Reportedly Plans Price Hike for Belarus, Baltics
November 27, 2006 -- Newspapers in Russia say the country's state-controlled gas monopoly, Gazprom, plans steep price increases for supplies to Belarus and the three Baltic states of Estonia, Latvia, and Lithuania.
The reports quote a leaked Gazprom draft budget for 2007 showing the company plans to increase tariffs for Belarus from $47 to $200 per 1,000 cubic meters of gas.
Gazprom will reportedly increase gas prices for the Baltic states to $260 for 1,000 cubic meters.
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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