Ukraine and Russia agreed Tuesday on the price of gas for delivery in 2008, defusing a dispute like that which disrupted supplies to Europe last year. Russian giant Gazprom said Ukraine agreed to pay 179.5 dollars (122 euros) per 1,000 cubic meters for gas deliveries in 2008.
"The two sides agreed that in 2008 the price of gas crossing the Russia-Ukraine border will be 179.5 dollars," Gazprom said in a statement. The current price for Russian gas paid by Ukraine is 130 dollars. The deal was reached by Gazprom CEO Alexei Miller and Ukraine's Energy Minister Yury Boiko, the statement said.
Turkmenistan last week raised the price it charges Russia for its gas from 100 dollars to 150 dollars by the end of 2008, a move that was expected to have a knock-on effect for Ukraine. Ukraine receives both Russian and Central Asian gas by pipeline from Russia.
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