Serbian gas monopoly wants a rise in consumer gas prices in 2013 to help cover mounting debts

Serbian gas monopoly Srbijagas wants a fresh rise in consumer gas prices in 2013 to help cover mounting debts that are due to late payments from state-owned firms and to selling the fuel below market prices, Reuters reported Chief Executive Dusan Bajatovic as saying.Bajatovic said...

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Serbian gas monopoly wants a rise in consumer gas prices in 2013 to help cover mounting debts



bne - 15.03.2013

Serbian gas monopoly Srbijagas wants a fresh rise in consumer gas prices in 2013 to help cover mounting debts that are due to late payments from state-owned firms and to selling the fuel below market prices, Reuters reported Chief Executive Dusan Bajatovic as saying.

Bajatovic said the state-run company could no longer sustain selling gas at an average $370 per cubic metre, far below the price it pays to Russian Gazprom Serbia, fully reliant on Russia for gas imports, recently struck a 5 percent discount to the current deal with Gazprom. It said the new price of $399 per cubic metre it pays to Gazprom may fall further to $370 later in 2013.

Source: bne


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