Gazprom Predicts Rise in Gas Transit Prices through Ukraine

According to a Gazprom spokesperson the transit costs through Ukraine for Russian gas are expected to increase in 2010. Currently Gazprom’s projection is for an increase of 50% to 58% or from $2.56 to 2.7 per  thousand cubic meters gas.

The tariff for transporting gas through Ukraine is set down in the contract. Most notably the tariff depends on the price of oil at the time in question so these predictions might change.

The Ukrainian government head, Julia Timoshenko,  said earlier that the tariff will increase by 65 to 70% depending on the price of oil. However, she denied that fines and penalties for arrears that Ukraine has to pay to Russia will be offset by lower cost of transit.

[Source: Kommersant. Russia]