Natural Gas Prices in Europe
Prices of natural gas for end-consumers vary greatly throughout Europe. One of the main objectives of the projected single EU energy market, is a common pricing structure for gas products. Europe's main natural gas supplier is Russia. Since the major pipelines pass through Ukraine there is an ever arising dispute on the supply and transition prices between Ukraine and Russia.
During the negotiations in 2008 Ukraine proposed that the price of natural gas for Ukraine should increase by $21.5 to $201 per 1,000 cubic meters, and the transit fee by $0.3 to $2 per 1,000 cubic meters pumped 100 kilometres (62 mi). Russian Gazprom proposed that Ukrainian Naftogaz should buy its natural gas at $250 per 1,000 cubic meters starting from 2009. Prime Minister of Russia Vladimir Putin said that the $250 per 1000 cubic meters price was a "humanitarian gesture" to Ukraine considering that Russia buys gas from Central Asia for $340 and that the European price level is $500 per 1000 cubic meters. Later, Naftohaz said it was ready to pay $235. Negotiations between Gazprom and Naftohaz were interrupted on 31 December 2008. While Gazprom claimed that Naftohaz would not negotiate, Ukraine said that the negotiations were interrupted at Gazprom's initiative.
Read more about this topic: Natural Gas Prices
Famous quotes containing the words natural, gas, prices and/or europe:
“The natural historian is not a fisherman who prays for cloudy days and good luck merely; but as fishing has been styled “a contemplative man’s recreation,” introducing him profitably to woods and water, so the fruit of the naturalist’s observations is not in new genera or species, but in new contemplations still, and science is only a more contemplative man’s recreation.”
—Henry David Thoreau (1817–1862)
“When we can drain the Ocean into mill-ponds, and bottle up the Force of Gravity, to be sold by retail, in gas jars; then may we hope to comprehend the infinitudes of man’s soul under formulas of Profit and Loss; and rule over this too, as over a patent engine, by checks, and valves, and balances.”
—Thomas Carlyle (1795–1881)
“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
—Calvin Coolidge (1872–1933)
“Of one thing I can assure you with comparative certainty, whoever wins, Europe will be economically ruined. This war is America’s great opportunity.”
—John Dos Passos (1896–1970)