Dec 2, Cabinet of Ministers announced gas price forecast for 2010 to be at USD 331 per thousand cubic meters. Apparently is is the price of import Russian gas at the border of Ukraine. Naftogaz reps say that this price is inflated because it is based on the oil price forecast of USD 90 per barrel.
Razumkov Center expert Volodymyr Saprykin says that realistic gas price of imported gas at the border is the one Gazprom is quoting, that is USD 280 per tcm. However, he notes that with add-ons (such as VAT, transportation and distribution tariffs as well as profit margin of Naftogaz and distribution companies) the gas for industrial companies will be more expensive. Also, he thinks that population will also get more expensive gas in the second quarter of 2010.Steel industry and metallurgy will get their gas cheaper and will likely to be cross-subsidized by more profitable sectors.
Its apparent that the gas for population and for heat will not get more expensive in the first quarter due to presidential elections. This is likely to be a reason of a blow to financial stability of Naftogaz in the beginning of the year due to inability to charge cost-covering prices and because of slacking payment discipline. Source.
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