Ukraine Sees Gazprom Charging 37% More for Gas in Second Quarter - Bloomberg:
"Ukraine faces a 37 percent increase in the price it pays for Russian natural gas after OAO Gazprom canceled a discount and threatened to cut supplies, Ukrainian Energy Minister Yuri Prodan told reporters today.
Ukraine will pay about $368.50 per 1,000 cubic meters of the fuel in the second quarter, Prodan said. Russia agreed last year to cut the price it charges Ukraine to $268.50. Gazprom rescinded the discount last week and said Ukraine risks a repeat of 2009, when the Moscow-based company reduced shipments during a pricing dispute.
Gazprom, which supplied more than half of Ukraine’s gas last year, agreed to the discount when the nation was governed by President Viktor Yanukovych, who fled to Russia in February after three months of street protests. Russian President Vladimir Putin has refused to acknowledge Kiev’s successor government. Pro-Russian forces have taken up positions in Ukraine’s Crimea region, which will hold a referendum on March 16 on joining Russia."
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