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. Last Updated: 07/27/2016

Gazprom-Naftogaz Talks

Ukrainian household gas prices may fall to Russian levels after a merger between Gazprom and Naftogaz Ukrainy, Gazprom CEO Alexei Miller said Friday.

“We could merge Gazprom and Naftogaz, and we think it would be a very important social move,” Miller said in comments broadcast by state television. Gazprom keeps domestic household prices at 1,880 rubles, or about $61, per thousand cubic meters, he said.

Miller held talks with Yuriy Boyko, Ukraine’s energy and fuel minister, on creating a joint venture between the companies. Talks are at an “advanced stage,” Gazprom said. 

(Bloomberg)