Saturday 14 September 2013

Azarov: Shale gas to cost Ukraine $400 less than Russian gas| Ukrinform

Azarov: Shale gas to cost Ukraine $400 less than Russian gas| Ukrinform:

"Shale gas extraction in Kharkiv and Donetsk regions will help Ukraine get its own gas at a price of $120-130 dollars per 1,000 cubic meters, or $400 cheaper than its current purchase from Russia.
Ukrainian Prime Minister Mykola Azarov said this during the Shuster Live program on the Inter TV Channel late on Friday.
"From 2015, we will be able to get gas at a price of 120-130 dollars with all costs included," he said.
In this context, he said that now Ukraine, given an agreement on the presence of the Russian Black Sea Fleet in Crimea, purchases Russian gas at a price of $530 per 1,000 cubic meters.
"There is no such price in the world market," he said.
Azarov also expressed hope that Ukraine would gain some energy independence thanks to shale gas extraction in Kharkiv and Donetsk regions, which could begin in 2015."

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