Topic: Gas Prices - Moscow Makes New Demands in Ukraine Gas Price Talks - Moscow News

KIEV (AFP) - Russia has introduced new demands in sensitive negotiations over the gas price it charges neighbouring Ukraine, a key transit route to Europe, Ukraine's Energy Minister Yuri Boiko said on Wednesday. The demands come after the Central Asian state of Turkmenistan, from which Russia gets a significant portion of its gas, said it was raising the price it charges Moscow. Ukraine is the transit route for most of Russia's gas exports to European Union countries, which rely on Russia for about a quarter of their consumption. The gas pricing issue has led to tensions between Russia and Ukraine and last year prompted a brief cut-off in supplies, with knock-on disruption for several EU countries. Although Russia holds the world's largest gas reserves, lack of development of those reserves means it has to supplement its supplies with imports from ex-Soviet Turkmenistan and other Central Asian states. read more

[Tags]russia, gas, ukraine, charges, price, countries, gas prices[/Tags]

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