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New Years present from Gazprom
30.08.2007 14:08
New Years present from Gazprom

Gazprom Company initiates new negotiations on gas price increase for other countries starting 1 January 2008. Baltic States are the first to get ready for the price boost, reports Kommersant.
      According to the newspaper, the todays cost of gas supplies to Lithuania amounts to 190-200 dollars. Next year the price is likely to go up to 280 dollars, which is equal to that paid by Hungary and Finland.
      The company says the price will increase, as the transition period for Lithuania, Latvia and Estonia, the members of the European Union now, has expired.
      It is expected that Ukraine and Byelorussia will also have to pay more for gas: $145 and $125-150 respectively.
      Providing the successful completion of negotiations, Gazproms earnings may increase by 2-4 billion dollars.


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