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Gazprom sets gas prices for Georgia

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MOSCOW, September 5 (RIA Novosti) - Gazprom set the reference price for Russian natural gas supplies to Georgia at $110 per thousand cu m after a shift to market prices from 2006, the Russian natural gas monopoly said Wednesday.

"Principles of work in 2006, which we discussed with our Georgian colleagues, completely correspond to Gazprom's general export strategy," spokesman for Gazprom Sergei Kupriyanov said, commenting on the results of a routine meeting between Alexander Medvedev, the chairman of Gazprom's managing board, his deputy Alexander Ryazanov and Georgian Energy Minister Nikolai Gilauri.

"Gas prices are growing both in Russia and Europe, and the markets of the Commonwealth of Independent States are not an exception. This concerns Georgia and other countries with whom we are discussing prices and tariffs in 2006," the spokesman said. (more)

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