Agreement with Gazprom on natural gas supply price gets signatures
20-12-10 kl. 20/12 2010 14:26 | Burberry Group PLC 1.617 (-1,40%)
The Joint Stock Company „Latvijas Gāze” has signed an agreement with the OJSC
„Gazprom” on the calculation of natural gas supply price for the next year. The
agreement envisages a decrease by 15% in comparison to the previous price
calculation formula at equal conditions.
The tariffs will decrease already from the beginning of the next year.As of
January 1, 2011, the tariffs for households using gas in heating will be by 7%
lower, while for those using stoves - by 4% lower. For industrial customers,
the decrease is estimated to 5% on average.
The JSC „Latvijas Gāze” points out that the key role in the tariffs is still
retained by the purchase price, which, for its part, significantly depends on
the oil price and currency rates. Currently, both of them are on a negative
trend, therefore the natural gas price in a longer term is difficult to
predict. It should be borne in mind that the reduced VAT rate will rise from
10% to 12% in 2011, and the basic rate will increase as well.Moreover, on July
1, 2011, natural gas for household and heating needs will be applied the excise
tax, resulting in higher end-user tariffs.
Vinsents Makaris
Phone + (371) 67 369 144
E-mail: [email protected]
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