Russia's gas giant Gazprom will cut prices for Estonia, Latvia in 2011 by 15% if gas deliveries there are increased to pre-crisis levels, Deputy Chairman of the Management Committee Valery Golubev said on Friday.
"Gas prices for Latvia will be lowered because the country has committed itself to reviving consumption to the level of 2007. This issue is solved. We have made the same decision for Estonia," Golubev said, adding that prices for Lithuania and Belarus in 2011 would not change.
"As for Lithuania, a decision to cut prices has not been made yet... We see no reason to cut prices for Lithuania," he said, adding that a four-year gas contract with Belarus, which expires in 2011, provided for a step-by-step price growth.
KALININGRAD, Russia, December 24 (RIA Novosti)
