Gas price for Ukraine to go up 31% in 4th quarter of 2011
The price of Russian natural gas for Ukraine will increase 31 percent to 347 USD per 1 000 cubic meters in the fourth quarter compared to the first quarter, Ukrainian Energy and Coal Industry Minister Yury Boyko announced on Monday, according to RosBusinessConsulting.
According to him, Ukraine was paying 264 USD for 1 000 cubic meters of Russian natural gas in the first quarter of this year. The price will rise to 293 USD in Q2 and to 313 USD in Q3 on the back of higher oil prices.
"To deal with the situation, Ukraine purchased the maximum amount of gas in the first quarter at a relatively low price and intends to balance gas supplies during the entire year in order to prevent sharp gas price hikes for households and companies," he said. Such gas prices, which include a $100 discount, are still high for Ukraine, Boyko noted.
Ukraine intends to buy around 40 billion cubic meters (bcm) of Russian gas in 2011, up from 36.5bcm in 2010.
From :
http://www.russia-media.ru/mainmore.php?tpl=Energy+News&iditem=384
Ukraine to Raise Natural Gas Prices for Households by 30 Percent
Ukraine’s government will raise the price of natural gas for households by 30 percent this year as the country seeks to qualify for an International Monetary Fund bailout loan, Prime Minister Mykola Azarov said.
The increase will help cut the budget deficit of state-run energy company NAK Naftogaz Ukrainy to 8.5 billion hryvnia ($1.07 billion), Azarov said yesterday in remarks broadcast by private TV channel Inter. Naftogaz’s budget will be balanced next year, Azarov said.
The country first turned to the IMF in 2008 after the global recession cut demand for its exports and the budget deficit swelled. The nation received $10.6 billion before payments were frozen when the government declined to cut spending before presidential elections at the start of 2010. The IMF approved a second lending program in July after Ukraine agreed to trim the shortfall and raise gas prices.
Ukraine raised the price of natural gas for households by 50 percent on Aug. 1, and said it would increase it more, according to the agreement.
Households now pay an average of 725 hryvnia per 1,000 cubic meters, compared with an average of $264 the country paid for imported Russian gas in the first quarter.
From:
http://www.bloomberg.com/news/2011-...-gas-prices-for-households-by-30-percent.html
Price for RF gas for Ukraine to be at $347 per 1,000 cm by end of 2011
KIEV, March 14 (Itar-Tass) -- The price for Russia’s gas for Ukraine will be at 347 U.S. dollars per 1,000 cubic metres in October-December 2011, Ukrainian Minister of Energy and Coal Industry Yuri Boiko told a TV program on Monday.
“Proceeding from the formula, the gas price is 264 U.S. dollars per 1,000 cubic metres in January-March 2011; 293 U.S. dollars per 1,000 cubic metres in April-June; 313 U.S. dollars per 1,000 cubic metres in July-September and 347 U.S. dollars per 1,000 cubic metres in the fourth three months of the year,” he said, adding, “This is too big price, even with due account the 100-percent preference.”
In his words, the government will increase gas reserves in order to balance gas prices and prevent their skyrocketing for the population and enterprises.
“In order to prevent such a situation, we bought the maximum of natural gas in the first three months of the year, when the prices are lowest, in order to prevent the hike of gas prices for the public sector and plants,” the minister said.
On March 10, Deputy Minister of Energy and Coal Industry Vladimir Makukha said that the year’s average price for Russia’s gas for Ukraine may exceed 300 U.S. dollars per 1,000 cubic metres.
In his words, in the middle of April the national commission on energy regulation can made a decision to raise gas prices for the population.
Earlier, Head of Gazprom Sbyt Ukraine Anatoly Podmyshalsky said that the price for Russia’s gas for Ukraine will be at about 275 U.S. dollars per 1,000 cubic metres in April-June 2011.
In his words, the indicator stands at 264 U.S. dollars per 1,000 cubic metres in the first three months of the current year. By the end of the year, the price will amount to 280 U.S. dollars per 1,000 cubic metres.
Besides, Russia’s gas monopoly Gazprom will pay about 2.7 billion U.S. dollars for the transit of natural gas via Ukraine in 2011, as compared to 2.6 billion U.S. dollars in 2010, Prime Tass said, reaffirming that the gas transit cost 2.2 billion U.S. dollars in 2009.
According to Podmyshalsky, Ukraine’s investments in its own gas transportation network was at 212 million U.S. dollars in 2009, and the indicator grew a bit in 2010. In 2011, the country plans to investment in the project 300 million U.S. dollars.
Ukraine’s gas demand has dropped by ten percent over the recent five years, he said, adding that the supplies of Russia’s gas to Ukrainian consumers are planned at 40 billion cubic metres in 2011.
Proceeding from the Ukrainian government’s data, 36.473 billion cubic metres of Russia’s natural gas were used for the needs of Ukraine in 2010, Podmyshalksy said.
Gazprom Sbyt Ukraine is a subsidiary of Russia’s gas giant Gazprom. It is in charge of direct gas supplies to Ukraine’s industrial consumers.
From:
http://www.itar-tass.com/eng/level2.html?NewsID=16045117&PageNum=0