Formation of the gas transportation consortium is planned for October 2006 and natural gas direct supplies from Turkmenistan to Ukraine are supposed to be resumed in 2006, as Ukrainian Minister for Fuels and Energy Yuri Boyko predicted, Cabinet's press office reported.

According to the Minister, the story is about formation of the gas transportation consortium in an initial format under the agreement, signed in fall 2004.

In 2002 Ukraine and Russia agreed upon creating an international gas consortium, in January 2003 Naftogaz Ukrainy and the Russian Gazprom registered the consortium as a legal entity with the share of 50 percent each.

In May 2004 Naftogaz Ukrainy, Gazprom and Ruhrgas AG (Germany) agreed upon conditions of participation of the German party in the consortium and in mid 2004 Poland aired its interest in staking in the gas consortium, too.

As Turkmen gas supplies are concerned, Boyko reassured the necessary contract would be signed.

In June 2006 the Turkmen Ministry of Oil and Gas Industry and Mineral Resources proposed Ukraine to conclude a contract on gas supplies in October - December 2006 at 100 USD per 1,000 cu. m. instead of 60 USD, set by the 2006 contract. Ukraine meant to insist on supplies of at least 10 - 12 bn. cu. m of gas under direct contracts in second half of 2006 at 60 USD per 1,000 cu. m.

Since early 2006 Ukraine has received no Turkmen gas under direct contracts.


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