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Central Asian natural gas to make up for high price of Russian gas

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MOSCOW, January 4 (RIA Novosti) - The high price of Russian natural gas sold to RosUkrEnergo, a company transporting Turkmen gas to Ukraine, will be compensated for by cheaper gas supplies from Central Asia, a Gazprom spokesman said Wednesday.

Gazprom press secretary Sergei Kupriyanov said RosUkrEnergo would buy Russian natural gas at $230 per 1,000 cubic meters, which would be mixed with gas supplied from Central Asia, making the price for Ukraine $95 per 1,000 cu m at the first stage.

RosUkrEnergo is a joint venture of Gazprombank, a subsidiary of Russian energy giant Gazprom, and Raiffeisen Bank, which own 50% in the company each.

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