Gas for Ukraine by the end of the year will rise in price

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In "Gazprom" predict a rise in price of natural gas for Ukraine in the fourth quarter of this year to $205-210 for 1000 CBM from $198 for 1000 CBM in the third quarter.

The director of the company told business to journalists about it "Gazprom sbyt Ukraine", the head of department on work with "Gazprom" neighboring countries Anatoly Podmyshalsky on Thursday in Kiev in a lobby российско - Ukrainian - a forum.

"Where - that on the fourth quarter the price will make $205-210 for 1000 CBM", - he told, reports "Interfax - Ukraine".

He added that with NAK Naftogaz Ukrainy confirmed to "Gazprom" plans to get 32 billion cubic meters of natural gas in 2009 that corresponds to the lower bound of the purchases stipulated in the prisoner by two companies on January 19 of this year the contract.

"They ("Naftogaz") gave us the demand for 14 billion cubic meters for the fourth quarter whereas on balance there are 12,5 billion cubic meters. Distances on 14 (billion cubic meters - IF) from calculation to come to 32 billion cubic meters by a year", - were noted by Podmyshalsky.

He specified that in eight months 2009 "Naftogaz" got 14,8 billion cubic meters of natural gas at "Gazprom".

Signed in January of this year for the period till 2019 gas contracts determine the cost of gas and its transit by a formula in which as the main variables the prices of oil products considered for nine months previous calculation act.

After achievement maximum in the history of values in the summer of last year (about $140 for barrel) price of oil from - for world crisis strongly fell by December, 2008 - January, 2009 (to $40 for barrel). But then again its growth began, and recently oil cost in the world market keeps at the level of about $70 for barrel steady.

The new contract on purchase of gas contain also a condition "take or pay". According to it, "Naftogaz of Ukraine" has to get at least 80% of the natural gas contracted for a year that taking into account the figures put in the contract means purchase this year at least 32 billion cubic meters, and since the following - at least 41,6 billion cubic meters

In the first half of the year "Naftogaz of Ukraine" almost monthly violated the agreement on delivery to parts of monthly purchases of natural gas, choosing it in smaller, than is stipulated, volumes.Experts explained it desire of the Ukrainian company to wait for reduction of price of gas in the second half of the year.

The contract provides delivery in the first quarter of 5 billion cubic meters, the second - 10 billion cubic meters, the third - 12 мрлд CBM and the fourth - 12,5 billion cubic meters whereas NAK imported 2,8 billion cubic meters in the first quarter, the second - about 5,7 billion cubic meters. Formally it grants the right to "Gazprom" to show to "Naftogaz" penalties for the sum which the president of Ukraine Victor Yushchenko estimated at $5,25 billion

In the third quarter "Naftogaz" reached rates of import of 3,2-3,3 billion cubic meters a month. Taking into account it until the end of the year it needs to buy at least 16,9 more billion cubic meters, or 4,2 billion cubic meters a month.


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