Ukraine gas transit system price to fall in 2012

January 1st, 2012 - 9:19 am ICT by IANS  

Moscow, Jan 1 (IANS/RIA Novosti) Ukraine’s gas transit system that Kiev presently estimates to cost $20 billion may become significantly cheaper, said Alexei Miller, the head of Russia’s gas giant, Gazprom.

During a meeting Friday with Russian Prime Minister Vladimir Putin, Miller said that Ukraine had placed the price of its gas transit system at $20 billion.

Ukrain requested an annual $9-billion cut in the price of gas if Moscow and Kiev created a gas transport consortium, he added.

“I don’t exclude that Ukraine’s so-called last strategic resource, its gas transit system, will severly fall in price next year,” Miller told journalists Saturday with regard to perspective talks with Ukraine in 2012 on the price of gas.

Ukraine had earlier set its price for the gas transit system much higher at $150-270 billion.

–IANS/RIA Novosti

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