Gas Transport to Europe to Resume After Deal
Natural gas may soon start to flow from Russia to Europe: the prime ministers of Russia and the Ukraine have agreed to a deal after a marathon series of talks. The deal was reached between Russian Prime Minister Vladimir Putin and his Ukrainian counterpart Yulia Tymoshenko. Ukraine would be offered a 20% discount on the market price for Russian natural gas deliveries this year, if it agrees to keep transit fees for pumping gas to Europe via its pipelines at the 2008 level.
Then from 2010 on, the two neighboring countries will switch to European market prices.
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