November 22, 2008

Ukraine gas prices to grow gradually - Ms Tymoshenko

Interfax-Ukraine cited Ms Yulia Tymoshenko PM of Ukrainian as saying that Ukraine will see a gradual rise in gas prices.

She said at a press conference in Mykolaiv when she was asked whether a possible rise in gas prices for European consumers to USD 500 would impact the gas price for Ukraine "The growth in gas prices for Ukraine will be gradual We will take a logical approach to a gradual rise in gas prices to the European level. However it won't be a shock."

Ms Tymoshenko said the price for natural gas supplied to Ukraine will gradually grow to European levels over three or four years.