Accessibility links

Breaking News

Russia, Ukraine Set Up Joint Gas Venture


Gazprom CEO Aleksei Miller (R) and Naftohaz CEO Oleksiy Ivchenko end the Russia-Ukraine gas dispute on 4 January (epa) 3 February 2006 -- Russia and Ukraine have set up a joint venture to sell natural gas from Russia and Central Asia to Ukraine.


The creation of the joint venture was a key part of a deal that ended a Russian-Ukrainian dispute over gas prices last month.


The joint venture, UkrGazEnergo, was set up between Ukraine's Naftohaz state energy company and an intermediary company RosUkrEnergo.


The Swiss-registered RosUkrEnergo has been criticized for lack of transparency as it is equally owned by Gazprom, Russia's state-controlled natural gas company and a group of investors whose names have not been made public.


Aleksandr Ryazanov, deputy chairman of Gazprom, was elected to chair the new joint venture's supervisory body.


According to a Naftohaz spokesman, the new joint venture will sell Russian and Central Asian gas to Ukraine at the price of $95 per 1,000 cubic meters over the next five years.


(Ukrayinska pravda, Interfax-Ukraine, ITAR-TASS)

Gas Facts

Gas Facts


Click on the map for an enlarged image.

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.

XS
SM
MD
LG