Thursday, 12 October 2006

UZBEKISTAN TO ALMOST DOUBLE GAS EXPORT PRICE

Published in News Digest

By empty (10/12/2006 issue of the CACI Analyst)

Uzbekistan warned Russia and its Central Asian neighbours on Thursday it would almost double its gas export price at the start of next year. Uzbek state pipeline company Uztransgas published a statement in an Uzbek newspaper saying it would charge $100 per 1,000 cubic metres from Jan.1, 2007, up from a current $55-60.
Uzbekistan warned Russia and its Central Asian neighbours on Thursday it would almost double its gas export price at the start of next year. Uzbek state pipeline company Uztransgas published a statement in an Uzbek newspaper saying it would charge $100 per 1,000 cubic metres from Jan.1, 2007, up from a current $55-60. \"Uztransgas has officially informed its trading partners about the higher price for Uzbek gas,\" the company said. Russia is the main buyer of Uzbek gas, importing up to 9 billion cubic metres a year. The move comes just weeks after another big Central Asian gas producer, Turkmenistan, raised its export price after threatening to halt supplies to Russia. A higher Uzbek gas price is also likely to hit smaller and poorer neighbours Kyrgyzstan and Tajikistan, who largely rely on Uzbekistan for their energy needs. (Reuters)
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