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November 21, 2008


Ukraine parliament recommends to increase gas price

According to the Ukrainian News, Ukraine parliamentary committee for fuel and energy, nuclear policy and nuclear safety has recommended that the National Electricity Regulatory Commission review the structure of the natural gas price of Ukrnafta and other gas extracting companies.

The committee recommended that National Electricity Regulatory Commission to take into account the production costs and low profits that prevent the gas producers from exploiting wells and developing new deposits.

UNAF currently gets from Naftogaz Ukraine a gas price of USD 39.45 per 1,000 cubic meters. Until February 28th 2008 the gas price was USD 53.90 per 1,000 cubic meters. UNAF appealed against the latest gas price decrease.