Ukraine Seeks Pipe Lease Reduction From Gazprom in Meeting with Putin

Bloomberg reported that Putin is meeting with Ukrainian leader Yanukovych to discuss the Ukraine’s request to reduce gas pipe lease prices from OAO Gazprom (GAZP).

As quoted in the market report:

Ukraine plans to lease the network of pipes that ships Russian gas to the European Union to guarantee stable transit and fund maintenance, Yanukovych said March 1. The move is aimed at securing a lower price for gas imports from Russia, which is prepared to pay to upgrade Ukraine’s pipelines, he said.

To view the whole Bloomberg report, click here.